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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: marcher who wrote (150795)	9/20/2019 5:29:52 AM
From: TobagoJack	2 Recommendations Recommended By Arran Yuan marcher Read Replies (1) \| Respond to of 218430

very exciting ... no link yet, as was on the Bloomberg trading terminal. Should be available soon on the net By Christian Wienberg and Nick Rigillo (20 Sep Bloomberg) -- In the country with the longest history of negative interest rates, a commercial bank just decided to share the cost of the monetary policy with the biggest number of retail clients yet. Jyske Bank A/S, which recently made headlines by offering the first 10-year mortgage at negative coupons, said it had no choice but to drag more retail depositors into its negative-rate pain after the central bank in Copenhagen lowered its policy rate to minus 0.75%. “Due to the rate reduction last week, we are losing even more money,” Jyske Chief Executive Officer Anders Dam said in a statement. “And we need to share that bill with some of our clients.” Denmark’s second-largest listed lender said on Friday it will start imposing a rate of minus 0.75% on all private clients with 750,000 kroner ($111,000) or more. Jyske had already started passing on the cost of negative rates to some of its richest retail depositors, but had so far limited the client group it exposed to the policy to those with more than 7.5 million kroner. Shares in Jyske jumped as much as 5.7%, as investors calculated the impact that the new policy will have on the bank’s net interest income, even though some customers may balk. Jyske has “set the ball rolling,” said Per Hansen, an investment economist at broker Nordnet. The bank is “taking one for the team and the industry, but also for itself.” “Everyone’s been talking” about taking such a step, Hansen said. “But no one has dared to take the cost of being a pioneer.” At Sydbank A/S, which has already said it will impose negative rates on retail depositors with over 7.5 million kroner, the bank is monitoring the situation. “We have taken note of developments in the market and have seen that interest rates have fallen further,” said Jan Svarre, deputy CEO at the bank. “We’ll investigate our options and where the limit should be, and then we will return and notify our customers directly.” Denmark’s biggest lender, Danske Bank A/S, has so far promised its retail depositors they won’t experience negative rates. According to Hansen at Nordnet, imposing such a policy is politically difficult for Danske, given its recent history of financial scandals. The bank is being investigated for a $220 billion money-laundering affair, and has been reported to the police for a separate case in which it overcharged retail investors. Dam at Jyske has said he expects Denmark to have negative rates for another eight years, after already enduring the policy for roughly seven. Denmark, which uses monetary policy to defend the krone’s peg to the euro, was the first country to push its benchmark rate below zero back in mid-2012. A number of European banks have already opted to drag some retail clients into the fray, but have limited negative rates to only the very wealthiest of customers. Credit Suisse Group AG plans to impose charges for Swiss franc deposits after imposing a 0.4% fee on euro accounts of more than 1 million euros ($1.1 million), according to a person with knowledge of the matter. Swiss rival UBS Group AG has already said it will introduce negative rates for clients holding more than 2 million francs ($2 million). Dam, the Jyske CEO, said there’s no guarantee that negative retail rates won’t become more entrenched. In an interview on his bank’s website, he said he hopes it won’t be necessary, but that he “can’t promise” that private customers with smaller deposits will be protected from negative rates. In Finland, where the biggest Nordic lender Nordea Bank Abp is based, the financial regulator has said it’s asking its lawyers to review the legality of imposing negative rates on retail customers. But according to the Danish bankers’ association, Finans Danmark, banks can legally charge negative rates even on retail accounts that are covered by the depositor guarantee. In Denmark, the guarantee kicks in at 750,000 kroner, which is equivalent to 100,000 euros.

To: marcher who wrote (150795)	9/22/2019 11:21:15 AM
From: Pogeu Mahone	Read Replies (1) \| Respond to of 218430

All Bullshit all of the time. Try population control as without it.... 8 billion peoples feces has doomed this planet this is from 9 years ago: With 7 Billion People, World Has a Poop Problem \| Live Science livescience.com › 16713-7-billion-people-world-poop-problem Oct 25, 2011 - Population growth in both the developing and developed world is putting pressure on ... With 7 Billion People, World Has a Poop Problem .... for every dollar invested in sanitation, $8 are returned in reduced public health costs ..