Deutsche Bank hires 500 employees after regulatory examination

• Following the New York Fed's examination of reporting and regulatory practices at Deutsche Bank (NYSE:DB), CFO Stefan Krause now says the bank will hire 500 employees in the U.S. to make sure its regulatory reporting complies with demands of local authorities.
• A letter sent from the New York Fed to DB was publicized last week stating that the bank's suffered from several serious problems, including shoddy financial reporting and inadequate auditing.