Europe: Supervisor rubber stamps $293M error xfer, is fired, then sues and wins

[JEDI]

http://newsfeed.time.com/2013/06/15/on-the-job-nap-leads-to-293m-banking-error/?hpt=hp_t2

While the mistake was eventually noticed and corrected, the on-duty supervisor originally approved the payment request, allowing the funds to go through. On further review of the supervisor’s records, it was discovered that the 48-year-old woman had spent less than 1.4 seconds to examine a total of 603 payments. She was fired for not catching the glaring error — although after bringing her case to court was given her job back


and the entry clerk only got a slap on the wrist.

if i cant work as a weatherman in the US, i want to work in a bank in Europe!

 

[SSSnail]

Bankers belong to a protected class, everyone knows this.

 

[Jimzz]

Did you read the whole case or just the headline? More to it?
Why did they give her the job back?

Could be she argued that there is not enough time to review that many transaction in the time they gave so rubber stamping is the norm. Even if it only took 1 minute to review each one there is over 10hours of straight work just on those 603 payments alone.

 

[techs]

Yeah, apparently she had 1.4 seconds to examine 663 payments. It was the banks fault for not giving her a reasonable amount of time to review that many payments.


Oh, and I'm not giving the money back.

 

[who?]

The article didn't say if the 1.4 seconds was a limit that was imposed on her or if she just didn't choose to take enough time to do a good job.

 

[halik]

The article didn't say if the 1.4 seconds was a limit that was imposed on her or if she just didn't choose to take enough time to do a good job.

This. I read it as she spent 1.4 seconds doing her job. Aka just clicked ok

 

[MaxPayne63]

:thumbsup: Jon Corzine likes this.