Wolfgang Gerke

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Last quote by Wolfgang Gerke

You can only laugh about KfW. It is just unimaginable that somebody accidentally transfers 300 million euros to a company that is on brink of bankruptcy, and that information was already well known. A transfer like this has to be confirmed by the bank's top bosses, even if it is a routine matter.
Sep 19 2008
Wolfgang Gerke has most recently been quoted in an article called Lehman Brothers blunder costs KfW. Wolfgang Gerke said, “You can only laugh about KfW. It is just unimaginable that somebody accidentally transfers 300 million euros to a company that is on brink of bankruptcy, and that information was already well known. A transfer like this has to be confirmed by the bank's top bosses, even if it is a routine matter.”.
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