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Nalezeno "Negative Interest Rates": 51

German Banks Increasingly Charging Retail Clients Negative Interest Rates


A growing number of banks in Germany are charging retail customers negative interest rates, starting with the very first euro deposited into their accounts. At least three German banks are reportedly doing so, with more expected to follow suit in the near future. As the European Central Bank...

ECB Nominee Blames Resistance to Negative Rates on Financial Illiteracy


European Central Bank (ECB) executive board nominee and member of the German Council of Economic Experts, Isabel Schnabel, recently remarked at a European Parliament hearing that “This scapegoating [of the ECB] is extremely dangerous: it may damage the trust in the euro.” Schnabel...

Banks Are Cutting 75,700 Jobs Worldwide


Banks worldwide have announced major job cuts this year. Globally, 75,700 jobs are reportedly being eliminated, with the most recent announcement coming from Italy’s largest bank. Unicredit has become the latest major bank to unveil layoff plans, joining Deutsche Bank, Santander, Commerzbank...

Survey: 58% of German Banks Charge Negative Interest Rates


Germany’s central bank, the Deutsche Bundesbank, has conducted a survey of banks charging negative interest rates on customer deposits. Some are charging retail customers as well as corporate clients. An independent price comparison portal shows which banks are currently charging for deposits...

No Inflation? Here It Is – Hidden in Plain Sight


Popular among politicians, media, and central bankers alike is the claim that in spite of all the quantitative easing (QE) and zero-leaning or negative interest rates of current times, inflation is under control. As the statistics show, nothing could be further from the truth. There are some very...

Do You Know the Newspeak of the Looming ‘NIRP’ Economic Meltdown?


Negative and zero interest rate policy (NIRP and ZIRP) are becoming a new global norm. Endless printing of paper money is said to make economies stronger, while everyday individuals are seeing their savings worth less and less. These policies were traditionally viewed as last ditch, temporary...

Low Interest Rates Are Crushing Young People and Fueling Global Riots


There are currently riots going on in Chile, Hong Kong and Lebanon. While in every place they are caused by complex local issues, there is a global problem that is an underlying trend: low interest rates which make it impossible for young people to save for their future and at the same time push...

McKinsey: Majority of Banks May Not Be Economically Viable


Management consulting firm McKinsey & Company has published a global banking review and found that a majority of banks worldwide may not be economically viable. More than half of them still do not generate their cost of equity 10 years after the crisis and may not survive an economic downturn....

Credit Suisse Is Latest Bank to Charge Clients for Cash Deposits


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...

Earn More Interest on Your Crypto With These Comparison Tools


2019 has been the year in which crypto lending has really taken off. Centralized and decentralized finance have been major growth areas, aided by crypto exchange integration and a backdrop of negative interest rates in the banking sector. Why be penalized for saving fiat when you can be rewarded...

Fed Research Considers Negative Interest Rates Effective Policy Tool


A research paper published by the Federal Reserve Bank of San Francisco shows how negative interest rates could become an important policy tool for fighting future economic downturns. The paper examines the market response to the introduction of negative interest rates by five major central banks....

Global Crisis Looms as IMF Report Cites Its Own Policy as Dangerous


In a new report by the International Monetary Fund (IMF) entitled “Global Financial Stability Report: Lower for Longer,” the group gives an overview of the current debt-ridden and precarious state of affairs in global economics. Not lost on some economists, however, is the irony that...

Major German Coop Bank Passes Negative Interest Rates to Customers


One of Germany’s largest cooperative banks has begun charging its retail customers a negative interest rate. Other major banks could follow suit since the European Central Bank cut the deposit rate to a record low. Deutsche Bank recently said that it needs to be “much more robust about...

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