Swiss banks are going to start charging their millionaire customers to store money, according to a report by CNN. On Friday (Oct. 18), the bank Credit Suisse said it was going to tack on a negative 0.75 percent interest rate for customers who have more...
The world is awash in debt marked by negative interest rates. It’s a $17 trillion warning sign of overextended corporate borrowing and lending, CreditRiskMonitor CEO Jerry Flum tells Karen Webster that this time it’s different — and China looms as a factor in how it...
The banking sector has had its share of woes, from stock declines to the threat of earnings pressure and outsized energy loans on the books, raising the specter of missed payments from the oil patch. And right in lockstep is a persistent devil: negative interest...
August 26, 2019
The world is awash in debt marked by negative interest rates. It’s a $17 trillion warning sign of overextended corporate borrowing and lending, CreditRiskMonitor CEO Jerry Flum tells Karen Webster that this time it’s different — and China looms as a factor in how it all plays out.
December 08, 2019
European banks have been forced to slash more than 60,000 jobs as they face falling profitability, The Financial Times reported on Saturday (Dec. 7). Lenders across Germany, the U.K., France, Spain and Switzerland have suffered due to Brexit, slowing economic growth, increasing regulations and the European Central Bank’s negative interest rates. The workforce at Europe’s […]
October 18, 2019
Swiss banks are going to start charging their millionaire customers to store money, according to a report by CNN. On Friday (Oct. 18), the bank Credit Suisse said it was...
