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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...
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...
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...
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...
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...
More Filthy Fiat: Two Dozen Central Banks Ramp up the Printing Presses
29.10.2019
The global economy seems to be heading toward a financial crisis fueled by central planners that could devastate markets worldwide. This year onlookers are witnessing the largest synchronization of central banks printing massive amounts of fiat or participating in other forms of stimulus....
Credit Suisse Is Latest Bank to Charge Clients for Cash Deposits
22.10.2019
In a normal world savers are expected to receive compensation for giving their money to the bank. Instead, due to negative interest rates, we are now seeing more financial institutions actually charging their clients for fiat cash deposits, with Credit Suisse the latest big bank to join in on this...
Smokescreens and Mirrors: How Does a Country Do an ICO? They Call It QE
22.8.2019
Financial regulators all around the world have been cracking down hard on ICOs for promising more than they can deliver. At the same time governments and central banks are pulling off far worse scams, such as QE, wiping out the savings of everyone that depends on them. To hide this fact they...
Major Swedish Bank Orders Negative Interest Rate on Euro Deposits
22.8.2019
Sub-zero interest rates have become the norm in some countries, especially in Europe. Nordic nations such as Sweden and Denmark have been in negative territory for a while and a growing number of banks in the region are now charging depositors for keeping their money. Saving in fiat right...
Passing the Burden of Negative Rates to Bank Clients Opens Door for Cryptocurrencies
17.8.2019
Record low and negative interest rates have put commercial banks in a difficult spot. Across Europe, they have been passing the burden to their clients. Some have introduced fees for those with large account balances, while others are punishing everybody equally. In any case, some bankers fear this...