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Actionable news in DB: DEUTSCHE BANK AKTIENGESELLSCHAFT,

Deutsche Bank in $6bn 'fat finger' slip-up

Deutsche Bank paid $6bn to a hedge fund client by mistake in a "fat finger" trade on its foreign exchange desk this summer that raises fresh questions about its operational controls and risk-management.

Germany's biggest bank recovered the money from the US hedge fund the next day. But the incident in its London-based forex team was an embarrassing blow for the bank, which is already under intense scrutiny from regulators.

The bank, which on Sunday announced a drastic shake-up of its senior management and split its investment bank in two, is struggling to restore its profitability and reputation in the wake of corruption scandals and missed performance targets.

The $6bn trade was processed by a junior member of the bank's forex sales team in June while his boss was on holiday, according to two people familiar with the matter. Instead of processing a net value, the person processed a gross figure. This meant the...


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