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Banks' most embarrassing (and expensive) mistakes

By Alina A. Wang of Cheapism | Slide 1 of 16: Sometimes banks make mistakes — and they’re usually extremely costly, to the tune of millions or even billions of dollars. Take a look at some of the craziest bank mishaps, what caused the errors, and what the banks did to try to remedy the situation. In some cases, the blunders resulted in a permanent change of policy after multiple similar mistakes were made. In the most extreme cases, the money was never recovered.Related: These Big Banks Are Easing Off on Controversial Fees

Bank Shot

Sometimes banks make mistakes — and they’re usually extremely costly, to the tune of millions or even billions of dollars. Take a look at some of the craziest bank mishaps, what caused the errors, and what the banks did to try to remedy the situation. In some cases, the blunders resulted in a permanent change of policy after multiple similar mistakes were made. In the most extreme cases, the money was never recovered.

Related: These Big Banks Are Easing Off on Controversial Fees

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