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 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 saver, who is often their voter too. Also read: Major Swedish Bank Orders Negative Interest Rate on Euro Deposits Bavarian Leader Wants Berlin to Outlaw Punitive Interest Germany needs to ban banks from passing negative rates to retail clients and it has to do so with…
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Initiative to Curtail Negative Interest Rates Gains Traction in Germany

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