KFW or the government owned bank for development of Germany is on a rush hour as it has transferred 400Million of Dollars to the Lehman Brothers.
Gorvernment audit teams now is investigating the bank and it has found that the transmission of the payment is happened through the automated tarnsferring system of the KFW and the meanwhile the controversial lehman brothers of USA declared thereself's bankruptcy.
Investigators are horrified with this incident and the bank itself fired 3 directors after the said incident.
The firing of the three directors was widely reported in Germany, with the tabloid Bild showing a picture of them with the headline, "Germany's dumbest bankers." News headlines have since referred to KFW as "Germany's dumbest bank."
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment