Truthiseternal1
Mayor
DEVELOPING: U.S. Banks Threaten to Charge for Deposits… –
Posted on 24 November, 2013 by Dylan
(FINANCIAL TIMES) – Leading US bankshave warned that they could start charging companies and consumers for deposits if theUS Federal Reserve cuts the interest it pays on bank reserves.
Depositors already have to cope with near-zero interest rates, but paying just to leave money in the bank would be highly unusual and unwelcome for companies and households.
The warning by bank executives highlights the dangers of one strategy the Fed could use to offset an eventual “tapering” of the $85bn a month in asset purchases that have fuelled global financial markets for the last year.
read more : http://gopthedailydose.com/2013/11/24/developing-u-s-banks-threaten-charge-deposits/
Posted on 24 November, 2013 by Dylan
(FINANCIAL TIMES) – Leading US bankshave warned that they could start charging companies and consumers for deposits if theUS Federal Reserve cuts the interest it pays on bank reserves.
Depositors already have to cope with near-zero interest rates, but paying just to leave money in the bank would be highly unusual and unwelcome for companies and households.
The warning by bank executives highlights the dangers of one strategy the Fed could use to offset an eventual “tapering” of the $85bn a month in asset purchases that have fuelled global financial markets for the last year.
read more : http://gopthedailydose.com/2013/11/24/developing-u-s-banks-threaten-charge-deposits/