NY Fed found serious problems at Deutsche Bank's U.S. arms

``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," the report said. "The size and breadth of errors strongly suggest that the firm's entire U.S. regulatory reporting structure requires wide-ranging remedial action," the Journal said, quoting documents reviewed by it.''