interest rates

Mario Draghi Leaves European Central Bank Without Ever Raising Interest Rates

</header> <strong>Preparing for a change at the top, the European Central Bank has decided to keep interest rates on hold and at their all-time lows. Mario Draghi, who had his last monetary policy meeting as president of the ECB, is leaving after an eight-year term during which key rates were never raised. At the subsequent …

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Major German Coop Bank Passes Negative Interest Rates to Customers

<header class=”article__header”> </header> <strong>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 passing on negative rates.”</strong> …

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Bankers Start to Recognize Bitcoin’s Role in Financial Evolution

</header> <strong>Digitization, disruption, blockchain, and frictionless payments. It’s amazing how prominent figures from the financial elite can provide a pretty detailed description of decentralized money without uttering “bitcoin” or “crypto.” But the fact of the matter is that clever businessmen in any industry, banking is no exception, would quickly spot emerging competition, analyze its strengths, …

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At Least 19 Central Banks Give Way to Monetary Easing As Economy Slows

<header class=”article__header”> </header> <strong>In a coordinated fashion, more than 18 central banks worldwide have or plan to cut interest rates, sparking a domino effect of monetary easing. It’s been 10 years since the world has seen central planners orchestrate such harmonization in an attempt to save the economy from a deep recession.</strong> Also Read: Money …

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Crypto Banking Expands With Positive Interest Rates and New Services

</header> <strong>Banking, in the traditional sense of the term, has become a financial burden for account holders in regions where the era of subzero interest rates has already set in. European nations like Sweden, Denmark, Switzerland, and Eurozone countries have been in negative territory for some time, and banks there have started passing the burden …

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Initiative to Curtail Negative Interest Rates Gains Traction in Germany

</header> <strong>Negative interest rates, a common occurrence in Europe these days, are unpleasant for both banks and clients. And financial institutions have been increasingly transferring the bulk of the burden</strong><strong> on to their customers. Some political factions in Germany, however, aren’t happy with the trend and are pushing for adequate protection for the ordinary small …

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Major Swedish Bank Orders Negative Interest Rate on Euro Deposits

</header> <strong>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 now, unlike cryptocurrencies lately, leads …

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The World Bank’s Blockchain Bond Is Just a Fancy Way of Selling Debt

<header class=”article__header”> </header> <strong>Last year the World Bank and the Commonwealth Bank of Australia announced a permissioned Ethereum-based blockchain to facilitate the end-to-end issuance of bonds between financial partners. The Bretton Woods-created financial institution hopes to make debt capital markets far more efficient with a bank-to-bank blockchain network. At the same time, the World Bank’s …

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