Thursday, 25 August 2016

Deutsche boss: negative interest rates are 'fatal'

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Deutsche Bank's chief executive has warned of the "fatal consequences" of the European Central Bank's negative interest rate policy, which he said punished savers and could even undermine the recovery.

From Deutsche boss: negative interest rates are 'fatal'

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According to McKinsey (2016), global payment revenues are around $1.7 trillion (and will be $2 trillion by 2020). Payments are around 40% of global bank revenues. 

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