Deutsche Bank's Bad News Gets Worse With $35 Billion Flub
- Most of money quickly returned and no financial harm suffered
- Derivatives payments mistake larger than bank’s market value
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The bad news at Deutsche Bank AG just got worse.
Amid a weeks-long leadership tussle that claimed the scalps of the chief executive, two of his top lieutenants and tainted its chairman, the bank inadvertently transferred 28 billion euros ($35 billion) to one of its outside accounts, Bloomberg News has revealed.