Wednesday, October 15, 2008

Finextra: Excel error leaves Barclays with unwanted Lehman assets

It is a costly "slip of mind."

But a junior associate reformatting the work was unaware that the original Excel document included hidden rows containing contracts that were marked with a "n" to signify they should not be part of the deal.

The document was posted on the Web site but the hidden cells had became visible when the employee globally re-sized the rows in the spreadsheet - without the original "n" designations.