The CEOs of Germany's two largest listed banks on Wednesday warned that a f...
FRANKFURT - The CEOs of Germany’s two largest listed banks on Wednesday warned that a further cut in interest rates by the European Central Bank would risk serious side effects while having only minimal effect on the economy.
The stern message comes a week before an ECB policy meeting at which decision makers are leaning towards a stimulus package that includes a rate cut. Banks in Germany and across Europe have long complained about ECB policy which requires banks to pay to park their cash at the central bank, hurting their profits.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Exclusive: ECB package could include rate cut, tiering, new guidance: sourcesECB policymakers are leaning toward a stimulus package that includes a rate cut,...
Read more »
ECB back to easing again, but inflation still not in its grip: Reuters pollThe European Central Bank will cut its deposit rate next week and announce a res...
Read more »
Deutsche CEO to invest 15% of monthly net pay in bank's sharesDeutsche Bank's chief executive Christian Sewing will spend 15% of his mont...
Read more »
Satellite collisions may set off a space-junk disaster that could end human access to space. Here's how.Experts worry that debris orbiting Earth could lead to a 'Kessler syndrome' domino effect that cuts off human access to space for hundreds of years.
Read more »
Down, down they go: Emerging central banks deliver most rate cuts in a decadeEmerging market policymakers slashed interest rates in August, taking their lead...
Read more »