-
NY Fed found serious problems at Deutsche Bank's U.S. arms
The Federal Reserve Bank of New York has found serious problems in Deutsche Bank's U.S. operations, including shoddy financial reporting, weak technology and inadequate auditing and oversight, a person close to the matter told Reuters. 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. divisions as "low quality, inaccurate and unreliable", said the source, who is familiar with the letter. The New York Fed, as the U.S. central bank's eyes and ears on Wall Street, directly supervises the biggest U.S. and ... (full story)
- Comments
- Subscribe
- Comment #1
- Quote
- Jul 23, 2014 8:05am Jul 23, 2014 8:05am
- Weakdollar
- | Joined Jan 2012 | Status: Member | 805 Comments
- Comment #2
- Quote
- Jul 23, 2014 9:51am Jul 23, 2014 9:51am
- galexandr
- | Joined Apr 2014 | Status: Member | 48 Comments
Gregory D. Alexandr
- Comment #3
- Quote
- Jul 23, 2014 10:56am Jul 23, 2014 10:56am
- TheTopBloke
- | Joined Sep 2007 | Status: Forex God | 1035 Comments
- Comment #4
- Quote
- Jul 24, 2014 12:16pm Jul 24, 2014 12:16pm
- traderathome
- Joined Mar 2008 | Status: PVSRA with Traderathome | 1621 Comments