Fat-finger error: Difference between revisions

* In 2015, the Investor [[Armin S.]] bought certificates from [[BNP Paribas]] at a price of €108 instead of €54,400 each. This caused a loss of €160m for [[BNP Paribas|BNP]].<ref>{{Cite web|url=https://www.linkedin.com/pulse/do-banks-internal-control-systems-work-michael-lusk/|title=Do banks’ internal control systems work?|last=Lusk|first=Michael|date=2017-07-31|website=|archive-url=|archive-date=|dead-url=|access-date=}}</ref><ref>{{Cite web|url=https://www.lesechos.fr/11/03/2017/lesechos.fr/0211872239814_un-trader-reclame-161-millions-d-euros-a-bnp-paribas.htm|title=Un trader réclame 161 millions d’euros à BNP Paribas|date=2017-03-11|website=lesechos.fr|access-date=2017-06-24}}</ref><ref>{{Cite web|language=de|url=https://www.welt.de/newsticker/bloomberg/article164814287/Daytrader-verlangt-von-BNP-Paribas-wegen-Preisirrtum-152-Mio.html|title=Daytrader verlangt von BNP Paribas wegen Preisirrtum 152 Mio € - WELT|website=DIE WELT|access-date=2017-06-24}}</ref> The error was not detected because BNP failed to book more than 8000 trades for a whole week <ref>{{Cite web|url=https://www.ft.com/content/a9e8b574-22f0-11e8-ae48-60d3531b7d11|title=BNP Paribas failed to book trades in Germany for a week|last=Binham|first=Caroline|date=2018-03-09|website=|archive-url=|archive-date=|dead-url=|access-date=2018-04-01}}</ref> <ref>{{Cite web|url=https://www.youtube.com/watch?v=lFMnRleSGwY&t|title=152m EUR risk management affair|last=|first=|date=2018-09-26|website=|archive-url=|archive-date=|dead-url=|access-date=}}</ref> [https://www.youtube.com/watch?v=lFMnRleSGwY&t=]

* In 2016, it was believed a fat-finger error caused the British pound to drop 6% in just a few minutes to US$1.1841, its lowest value for 31 years.<ref>{{Cite news|url=https://www.theguardian.com/business/2016/oct/07/confusion-as-pound-falls-10-in-insane-asian-trading-and-no-one-knows-why|title=Bank of England investigating dramatic overnight fall in pound|last=Treanor|first=Jill|date=2016-10-07|last2=Davies|first2=Justin McCurry Rob|newspaper=The Guardian|language=en-GB|issn=0261-3077|access-date=2016-10-07}}</ref> A report by the [[Bank for International Settlements]] later concluded that the drop was not caused by a single factor.<ref>{{cite web |url=https://www.bbc.co.uk/news/business-38607480 |title=No single factor behind sterling flash crash, BIS says |author=<!--Staff writer(s); no by-line.--> |date=2017-01-13 |website=BBC News |access-date= 2017-01-14|quote=}}</ref>

* In 2018, [[Deutsche Bank]] mistakenly transferred 28 billion [[euro (currency)|euros]] to one of its outside accounts, more than the bank's market value.<ref>https://www.bloomberg.com/news/articles/2018-04-19/deutsche-bank-flub-said-to-send-35-billion-briefly-out-the-door</ref>