NY Fed Found Serious Problems At Deutsche Bank's U.S. Arms - Presented by: The Aol. On Network

The Federal Reserve Bank of New York has found serious problems in Deutsche Bank AG's U.S. operations, including shoddy financial reporting, inadequate auditing and oversight and weak technology. In a letter to the German lender's executives last December, a senior official with the New York Fed described financial reports produced by some of the bank's U.S. arms as "low quality, inaccurate and unreliable."



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