Feb 16, 2023 · In 2013 JP Morgan accidentally lost $6.2 BILLION due to a mistake in a spreadsheet cell that led to dividing the sum of two interest rates ...
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Sep 29, 2023 · It's reported that nearly 90% of spreadsheets contain errors, and half of spreadsheet models used in large businesses have 'material defects'.
Aug 26, 2023 · 1) Biggest Loss Overall · 2) Disaster Avoided · 3) One Small Dash can be Worth Billions · 4) Biggest Mistake not in Dollar Value · 5) U.S. ...
Nov 8, 2022 · Spreadsheet errors, or even one significant error, can be detrimental to a business. Billions of dollars are lost every year due to human error ...
Aug 22, 2023 · The errors stemmed from incorrect cell references and data omissions, highlighting the significance of accurate data entry and formula ...
Nov 30, 2022 · These mistakes in data processing have very real ramifications, from loss of business to an erosion of trust in public institutions that can go ...
Jun 10, 2021 · Companies have suffered losses because of spreadsheet mistakes. This article looks at 5 catastrophic incidents that have occurred because of ...
Nov 8, 2023 · How an Excel error cost JP Morgan $6 billion: In 2012, JP Morgan Chase, a leading financial services firm, faced a $6 billion loss, ...
Oct 27, 2015 · 1. JP Morgan Chase's London Whale Incident. Basic Excel flaws and incorrect testing led to JP Morgan Chase losing more than $6 billion in their ...
Sep 13, 2014 · Various studies report that nearly 9 out of 10 spreadsheets (88%) contain errors. A majority of these errors were from human error (and ...