ATHENS Oct 11 Germany's Deutsche Bank is
financially sound and doesn't have any problem other than the
U.S. demanding it pay up to $14 billion in fines for
miss-selling mortgage-backed securities, ECB Governing Council
member Yannis Stournaras said on Tuesday.
"It is a large investment bank which has passed stress
tests," Stournaras, who is also the Governor of the Central Bank
of Greece, told Greek lawmakers. "Apart from this issue, it
doesn't have any other problem."
"If it pays the entire fine (amount) it will have problems
with its capital, but from what I am aware it is in talks with
U.S. authorities for it to be reduced," Stournaras told a
parliamentary committee in response to a question.
Deutsche, which employs around 100,000 people, has been in
turmoil since news of the fine became public last month.
(Reporting By Michele Kambas)