KfW, a state-owned bank in Germany, has mistakenly transferred more than $5.4 billion to four banks due to a technical glitch. According to a report in Bloomberg News, KfW previously mistakenly transferred millions of euros to now-bankrupt Lehman Brothers a day before it filed for bankruptcy in the U.S....
September 29, 2020
A team of police and investigators raided the headquarters of KfW, a German state-owned development bank, over a 100 million euro ($117 million) loan it made to Wirecard, the Financial Times (FT) reported. Frankfurt prosecutors are investigating the loan, according to FT. A spokesperson for the lender said the company is cooperating with police and […]
March 27, 2017
KfW, a state-owned bank in Germany, has mistakenly transferred more than $5.4 billion to four banks due to a technical glitch. According to a report in Bloomberg News, KfW previously mistakenly transferred millions of...
