Another Deutsche Bank Error Revealed: $30 Billion 2014 Gaffe

  • German lender said to have mistakenly sent $30 billion in 2014
  • Funds sent to Macquarie by accident, returned the same day

Photographer: Ralph Orlowski/Bloomberg

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A 28 billion-euro ($35 billion) payments error at Deutsche Bank AG in March wasn’t the first such blunder to befall the lender.

In March 2014, the German bank mistakenly sent 21 billion euros to Macquarie Group Ltd. as collateral for an over-the-counter derivatives trade, according to a person familiar with the matter who declined to be identified. That incident led directly to the introduction of fail-safes, though these didn’t catch the latest gaffe, the person said.