Powered by WPeMatico
Category: negative rates
Auto Added by WPeMatico
Danske Bank Lowers Negative Rate Threshold, Denmark’s Business Minister Says ‘Enough is Enough’
Powered by WPeMatico
The Global Economy Comes Before Savers: ECB President Christine Lagarde Defends Negative Interest Rates
Powered by WPeMatico
Banks Turn Away Customer Deposits due to Negative Interest Rates in Germany
Powered by WPeMatico
Bank of England Moves Closer to Negative Interest Rates, Asks Banks if They Are Ready
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 to implement it. […]
The post Bank of England Moves Closer to Negative Interest Rates, Asks Banks if They Are Ready appeared first on Bitcoin News.
Powered by WPeMatico
US Turmoil and Negative Interest Rates – Billionaire Michael Novogratz Says ‘Watch Gold and Bitcoin’
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 rates in the near future, according to a number of […]
The post US Turmoil and Negative Interest Rates – Billionaire Michael Novogratz Says ‘Watch Gold and Bitcoin’ appeared first on Bitcoin News.
Powered by WPeMatico
80 Banks Charge Negative Interest Rates as Crisis Deepens in Germany
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 Global Recession, 80 Countries Request Help, Trillions of Dollars Needed […]
The post 80 Banks Charge Negative Interest Rates as Crisis Deepens in Germany appeared first on Bitcoin News.
Powered by WPeMatico
More Filthy Fiat: Two Dozen Central Banks Ramp up the Printing Presses
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. The central banks’ easing policy hasn’t been this colossal in nearly two […]
The post More Filthy Fiat: Two Dozen Central Banks Ramp up the Printing Presses appeared first on Bitcoin News.
Powered by WPeMatico
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 practice. Also Read: Banking Giant […]
The post Credit Suisse Is Latest Bank to Charge Clients for Cash Deposits appeared first on Bitcoin News.
Powered by WPeMatico
Smokescreens and Mirrors: How Does a Country Do an ICO? They Call It QE
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 use obscure economic […]
The post Smokescreens and Mirrors: How Does a Country Do an ICO? They Call It QE appeared first on Bitcoin News.
Powered by WPeMatico