Saturday, December 10, 2005
Typos can be expensive...
...like three-billion-dollar expensive!
Mizuho, the world's second largest bank based in Japan, accidentally sold 610,000 shares, valued at $3.1 billion... for 1 yen each.
Fortunately for them, the actual loss totted up to $224m, thanks to market rules designed to limit price fluctuation.
Link via A Capital Idea.
Mizuho, the world's second largest bank based in Japan, accidentally sold 610,000 shares, valued at $3.1 billion... for 1 yen each.
Fortunately for them, the actual loss totted up to $224m, thanks to market rules designed to limit price fluctuation.
Link via A Capital Idea.
# posted by Ashok @ 3:19 AM 
