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Technology Stocks : Discuss Year 2000 Issues -- Ignore unavailable to you. Want to Upgrade?


To: John Mansfield who wrote (5488)4/12/1999 10:40:00 PM
From: C.K. Houston  Read Replies (1) | Respond to of 9818
 
GLITCH CAUSES 4 BILLION EURO OVERDRAFT April 12, 1999

MUNICH (IDG) -- Although the January switch to the single European currency was smooth at most European banks, a prominent German discount bank and its customers this week were acutely aware that not all possible euro-caused glitches have been found...

Customers of Bank 24, a discount bank owned by Deutsche Bank AG, were astonished Tuesday evening to find that their securities accounts appeared to be overdrawn to the tune of 4 billion euro ($4.32 billion). An oversight connected to the change to the euro was responsible for an error this week, which affected 55,000 customers...
cnn.com

Cheryl