BUSINESS

Stournaras: Greek banks safe from Deutsche impact

TAGS: Banking

The Greek and international banking systems are “safe” and tools are in place to protect them from any impact from the crisis engulfing Deutsche Bank, Greek central bank chief Yannis Stournaras said on Friday.

Deutsche, which employs around 100,000 people, has been in turmoil after being handed a demand for up to $14 billion earlier in September from the US authorities for misselling mortgage-backed securities.

“I am not worried. We have tools in our hands to protect ourselves from any unfavorable developments,” Stournaras told reporters, responding to a question.

“But I don’t believe this will happen,” he added.

[Reuters]

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