‘Lehman’ bank screws up, again

New Straits Times - - Business -

FRANK­FURT: Ger­many’s state-owned de­vel­op­ment bank KfW, which gained pub­lic­ity for er­ro­neously trans­fer­ring hun­dreds of mil­lions of euros to Amer­i­can firm Lehman Broth­ers Hold­ings the day the firm filed for bank­ruptcy, has done it again. KfW last month mis­tak­enly trans­ferred more than €5 bil­lion (RM23.9 bil­lion) to four banks be­cause of a tech­ni­cal glitch that re­peated sin­gle pay­ments mul­ti­ple times.

KfW said it dis­cov­ered the glitch and re­ceived the money back without suf­fer­ing a loss.

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