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Commercial Bank of Ethiopia Glitch Lets Customers Withdraw Millions


Ethiopia's biggest commercial bank is scrambling to recoup large sums of money withdrawn by customers after a "systems glitch." From a report: The customers discovered early on Saturday that they could take out more cash than they had in their accounts at the Commercial Bank of Ethiopia (CBE). More ...

Ethiopia's biggest commercial bank is scrambling to recoup large sums of money withdrawn by customers after a "systems glitch." From a report: The customers discovered early on Saturday that they could take out more cash than they had in their accounts at the Commercial Bank of Ethiopia (CBE). Much of the money was withdrawn from state-owned CBE by students, bank president Abe Sano told journalists on Monday.

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