Deutsche Bank has had a challenging few years months including a restructuring and big losses. DB said it would be cutting 18,000 jobs last year.
The banks acted as middlemen for the $350 billion scheme to save small businesses from bankruptcy, taking transaction fees of between 1%-5%.
At the core of it, it's a simple IT error, but it shows that "the cloud," especially cloud security, is still being figured out.
Many big banks will be impacted by a new law in New York City that bars employers from forcing job applicants to take drug tests for marijuana use.
Though the sell side is packaging up anonymous data, some buy-side executives warn that they need to be careful.