5 years ago
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Depositors Are Next as Nordic Banks Buckle Under Negative Rates
(Bloomberg) -- Ever since negative interest rates became a thing, banks have been too afraid to pass them on to retail depositors. That may be about to change.In Scandinavia, where sub-zero rates have been the norm longer than most other places.
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“I don’t think it would necessarily destroy retail banking at all,” Stadigh said in an interview in Helsinki. “People would actually then have to pay for their deposits, so actually it could even bring stability to the banking sector.”
What fantasy world is this guy living in?