Lehman brothers is probably the largest bank failure in the U.S. history. A german bank calles KfW did one of their worste deals ever in their history and ceo’s of the bank get punished fot that mistake .

After the transfer margin of the state bank KfW, two executives mangers had to leave their job . The Board of Directors of KfW decided the immediate termination of the boards Detlef Leinberger and Peter Fleischer.
This news got published by the Finance ministers Peer Steinbrueck (SPD) and German Economics Minister Michael Glos (CSU). Apparently it was the fault of the two boards that they borrowed 350 million Euros to Lehman brothers before they got bankrupt.

KfW decided to do a deal with the U.S. investment bank Lehman Brothers to set up a business of 350 million euros, although the institute was already insolvent.
Fleischer and Leinberger got immediately removed from their offices. The existing service contracts would be terminated.

There are certain mistakes that just can't be allowed to happen at a bank. Transferring 350 million to Lehman Brothers an institution that had already shown itself to be a candidate for bankruptcy the night before is one of those mistakes. The state owned lending bank KfW will now have to provide a detailed account of how it could have made such a misstep. What's more important, though, is that it needs to take a really close look at its in house risk management department and make the changes needed to make sure something like this can never happen again. KfW has undergone immense growth over the past few years.

It has grown more entwined in the capital market and thereby diversified its own refinancing. But now is the time for Germany's ninth-largest bank (in total assets) to ask itself whether the growth of its internal structures has kept sufficient pace with the bank's other growth and whether it still has all of its other functions under complete control