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German Savings Banks Consider Offering Crypto Services to Customers
15.12.2021
An association of savings banks in Germany is looking to offer crypto services to customers in a pilot test that would include the development of a crypto wallet. The association, which has more than 50 million customers, would be acting amidst a wave of cryptocurrency interest ostensibly sparked...
CBDCs could lead to 'deeply negative interest rates': Wall Street Journal
10.9.2021
Issuing CBDCs may give a central bank more power over interest rate adjustments according to a new report
Danske Bank Lowers Negative Rate Threshold, Denmark’s Business Minister Says ‘Enough is Enough’
3.5.2021
On April 26, 2021, the Danish multinational banking and financial services corporation Danske Bank published a press release explaining that the institution has changed the threshold for personal customers and standard interest rates for business customers in Denmark. The Bank plans to lower...
The Global Economy Comes Before Savers: ECB President Christine Lagarde Defends Negative Interest Rates
27.4.2021
The European Central Bank President Christine Lagarde is keeping the central bank’s monetary easing policies unchanged according to her statements from a press conference last Thursday. Moreover, the central bank’s Twitter account recently shared a video of Lagarde defending negative...
Report: Banking Giant Natwest to Refuse Service to Businesses That Accept Cryptocurrencies
23.4.2021
The major retail and commercial financial institution National Westminster Bank (Natwest) has categorized cryptocurrencies as “high risk” and refuses to serve business customers who accept digital assets for payments. A Natwest board member, Morten Friis, explains the bank has...
Banks Turn Away Customer Deposits due to Negative Interest Rates in Germany
4.3.2021
Banks in Germany are reportedly turning customer deposits away due to the negative interest rate imposed on them by the European Central Bank (ECB). Some banks are even offering online tools to help customers take their deposits elsewhere. Negative Interest Rates Imposed by ECB Force Banks to Turn...
What Would Negative Interest Rates Mean For Borrowers And Savers?
22.11.2020
Source: Adobe/UMB-O
Harry Scheule, Professor, Finance, UTS Business School, University of Technology Sydney.
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There’s a row brewing in the corridors of financial power. The Reserve Bank of New Zealand (RBNZ) recently advised the trading banks that the official cash rate might move from...
UK’s CBDC Could Facilitate Negative Interest Rates - Bank of England
19.11.2020
Should the Bank of England decide to issue a widely used central bank digital currency (CBDC), the move could help the country’s economy to benefit from negative interest rates, according to Andy Haldane, the central bank’s Chief Economist and Member of the Monetary Policy Committee.
“On...
300 Banks in Germany Charge Negative Interest Rates Including Deutsche Bank, Commerzbank, ING
15.11.2020
A new report reveals that more than 300 banks in Germany are now charging some customers negative interest rates. Some are big global banks, including Deutsche Bank, Commerzbank, and ING. 300 Banks Pass on the Burden of Negative Interest Rates to Customers Banks in Germany have been increasingly...
Bank of England Moves Closer to Negative Interest Rates, Asks Banks if They Are Ready
13.10.2020
The Bank of England has moved closer to adopting a negative interest rate policy. The central bank has asked commercial banks in the U.K. to provide details of how ready they are to deal with negative interest rates, asserting that for the policy to be effective, commercial banks need to be ready...
UK Mulls Over Negative Interest Rates, US to Keep Near Zero Rates for Years
18.9.2020
The Bank of England is now seriously considering implementing negative interest rates while the U.S. Federal Reserve has pledged to keep interest rates near zero for years. Some analysts say even the Fed will soon consider negative interest rates. Meanwhile, many expect a boost to the price...
Bank of England talks negative interest rates in best ‘ad’ for Bitcoin
17.9.2020
Bitcoin hodlers could not ask for more, says Tone Vays as the U.K. central bank looks for protection against Brexit and coronavirus fallout
US Turmoil and Negative Interest Rates – Billionaire Michael Novogratz Says ‘Watch Gold and Bitcoin’
2.6.2020
For the first time since October 2019, Federal Reserve Chair Jerome Powell admitted to leveraging quantitative easing (QE) tactics. Powell explained on Friday, the central bank is now comfortable with leveraging QE on a regular basis. Furthermore, the Fed is planning on utilizing negative interest...
Germany Enters Recession as Over 100 Banks Charge Negative Interest Rates
18.5.2020
Germany has plunged into a recession with the worst quarterly contraction since the global financial and economic crisis of 2008, according to official data. Over 100 banks in the country are now charging customers negative interest rates. Germany Enters Recession The German economy is now in...
Negative Interest Rates Give BTC an Opportunity to Shine, Report Claims
15.5.2020
Negative interest rates may turn Bitcoin into an attractive alternative for institutional investors, claims a recent report
Bitcoin Steady Near $9K as Trump Touts ‘Gift’ of Negative Interest Rates
13.5.2020
Bitcoin is hovering close to $9,000 amid rising speculation the U.S. could ultimately adopt negative interest rates
Why MakerDAO Should Consider Negative Interest Rates for Dai
20.4.2020
To keep dai near its $1 peg, the Maker community should consider negative interest rates. The cost to users may be worth it, says columnist J. P. Koning
80 Banks Charge Negative Interest Rates as Crisis Deepens in Germany
12.4.2020
Amid the coronavirus pandemic and deepening financial crisis, the number of banks charging customers negative interest rates in Germany has accelerated. At least 80 banks now reportedly charge negative interest rates, 16 of which apply this policy to even small deposits. Also read: IMF Declares...
Max Keiser Predicts $400,000 BTC on Alex Jones Show, Jones Compares Bitcoin to ‘Power of Fire’ From the Gods
18.2.2020
The moment many conspiracy-minded bitcoin enthusiasts have been waiting for arrived yesterday when Info Wars muckraker Alex Jones compared bitcoin to a “power of fire” gifted from the gods to humankind. The bold commentary took place in the context of a Max Keiser interview, in which...
41 German Banks Now Charge Negative Interest Rates
2.2.2020
The number of German banks charging negative interest rates has been rising rapidly. At least 41 banks now charge negative interest rates on deposits. According to reports, seven of them are imposing negative interest rates even for small deposit amounts. Also read: Survey: 58% of German Banks...