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Deutsche Bank handed a hedge fund $6 billion on a 'fat finger' error (DB)

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Blame Finger Point

Deutsche Bank is having a tough run. 

The bank mistakenly paid out $6 billion to a hedge fund client earlier this year as a result of a "fat finger" error, according to Katie Martin and Martin Arnold at The Financial Times. 

The term "fat finger error" is commonly reserved for when a bank employee makes a mistake entering information, rather than an actual loss of money. 

According to the FT report, the massive sum was repaid to Deutsche Bank the following day. 

The German bank announced a major overhaul over the weekend under new CEO John Cryan

The bank is splitting its corporate banking and securities business in two, and a number of executives close to former co-CEO Anshu Jain will exit the bank. 

Click here to read the full Financial Times story. 

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