Germany's banks bear brunt of rising deposit costs
Pressure has become more acute since the European Central Bank made its deposit rate negative from Sept
Frankfurt
GERMAN banks are increasingly stuck between rising costs simply to hold customers' money and demands the deposits pay a return.
That pressure has become more acute since the European Central Bank started charging lenders to park their funds with it, a cost they've been hesitant to pass on to customers out of concern that they'll take their business elsewhere.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Banking & Finance
Money laundering accused Zhang Ruijin slapped with 5 more charges days before scheduled guilty plea
Japanese yen slides back towards 34-year low after brief spike
China’s Bank of Communications Q1 profit rises 1.44%
HSBC’s private bank shuts independent asset management business in HK, Singapore
Nomura Q4 net profit jumps almost eight-fold on retail income surge
Rescue pup to meme star: the real-life ‘Dogecoin’ dog