Banks Under Fire in Denmark as Subzero Rates Hit Retail Deposits

Banks Under Fire in Denmark as Subzero Rates Hit Retail Deposits
Apr 28 2021, 12:42 PM
April 27 2021, 5:28 PM
April 28 2021, 12:42 PM
(Bloomberg) -- Denmark’s government has summoned representatives from the financial industry to talks as banks in the country impose negative interest rates on an increasingly large chunk of retail deposits.
(Bloomberg) -- Denmark’s government has summoned representatives from the financial industry to talks as banks in the country impose negative interest rates on an increasingly large chunk of retail deposits.
The announcement comes just one day after Danske Bank A/S, Denmark’s largest lender, said it will be applying negative rates to deposits as low as 100,000 kroner ($16,000), more than halving an existing threshold.

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