bank malfunction

2 Stories

'Dumbest Bank' Makes Another Massive Error

KfW did get its money back though

(Newser) - To err is human, and a major bank is reminding the world of this for the second time after once again accidentally transferring a massive sum of money it shouldn't have. The blunder occurred on Feb. 20, when Frankfurt-based lender KfW, a German government-owned development bank, transferred $5.4... More »

China ATM Glitch Nets Man Life

After withdrawing free money, man found guilty of bank robbery

(Newser) - It seemed like a miracle to Xu Ting of Guangzhou: a misplaced decimal point somewhere in the bowels of an ATM meant that his $140 withdrawal debited his account only 14 cents. Over several hours he made another 170 transactions, pocketing more than $24,000. But after getting robbed and... More »

2 Stories