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German finance minister told banks not to hit savers with negative rates: Bild

German finance minister told banks not to hit savers with negative rates: Bild

16.9.2019

German finance minister told banks not to hit savers with negative rates: Bild

German Finance Minister Olaf Scholz said on Monday he had told banks not to pass...

BERLIN (Reuters) - German Finance Minister Olaf Scholz said on Monday he had told banks not to pass on negative interest rates to savers after the European Central Bank cut deposit rates to a record low.

“I told bank chief very clearly that it would be a fairly bad idea to react by slapping negative rates on millions of savers,” Scholz was quoted as saying.

Read more: Reuters Top News

Deutsche Bank opens books to Finance Minister and he'll fold immediately. In the end the ones shouldering the bill for all this debt are the plebs... Afternoon RateTart 😀😅😂🤣 🇩🇪 😟 German sense of humour is not a laughing matter. Deplorable that negative rates were even considered (in essence, penalizing savers for saving money while banks profited from the money) ridiculous finance interest Banks EthicsMonth

Thanks for the latest news. frankknopers They are scared for a bankrun ! sallycopper That will affect bank solvability. There must be some other solution. What about German savers saving in American dollars? One could argue that isn't a smart thing to do because the dollar is a foreign currency, but isn't the Euro also a foreign currency?

Loan $ is POOF, and they charge US? We should get a Discount for getting them that free money! I do not think the ECB would agree

‘Small Fortune’ Producer Youngest Media Launches German Unit & Scores Music Competition SeriesYoungest Media, the British producer NBC’s forthcoming non-scripted series Small Fortune, is launching a German division and has set up a new competition format. The company, set up by former Endem…

German Streamer Joyn Moves Into Original Content With Political Drama ‘Dignity’Joyn, the new German streaming service backed by local media giant ProSiebenSat.1 and Discovery, has ordered its first original series, “Dignity,” a political thriller about the hunt for an ex-Nazi…

Porsche, Tesla face off for electric-vehicle crown on famed German race trackPorsche and Tesla are vying for electric-vehicle bragging rights on Germany ’s Nürburgring race track.

German Cinema Is Varied, But Is It Too Risk Averse?One of the strengths of German cinema is its diversity, says Simone Baumann, managing director of the national film promotion agency German Films. As well as the three films at Toronto directed by … If this article were a book, you could hollow it out and put your gun in it knowing it would be safe on the shelf forever I respect that this is the opinion of some German filmmakers, but did no one note the irony of an article calling another country’s cinema risk-averse appearing in Variety, of all places? The trade pub for a Hwd whose defining characteristic is risk-aversion?

Ron Paul: US interest rates are going negative, and the Fed can't stop itFormer presidential candidate Ron Paul is warning negative interest rates will crush the global economy. FuturesNow Then what? FuturesNow Why are you giving that dope exposure? I mean he’s been calling everything a bubble for the past 50 years.... Sometimes you guys are so irresponsible.... FuturesNow 💵 =🧻 💶 = 🧻 💷 = 🧻 💴= 🧻 💳 = 🧻

Taiwan central bank seen leaving rates steady as export view perks up: Reuters pollTaiwan's central bank is expected to leave its policy rate steady for the t...

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