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Banks May Force Clients to Eat Cost of Negative Nordic Rates

2015-01-29 12:55:11| Appliances - Topix.net

Back in 2012, when Denmark first cut its benchmark deposit rate below zero, commercial banks balked at the suggestion they could share that cost with retail clients for fear of losing business. Now, with rates even lower and the prospect of further cuts, banks are considering charging the people whose deposits provide their funding.

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