Small German bank breaks taboo by charging wealthy clients for deposits. It will apply a custody charge of 0.4 percent to sight deposit accounts over 100,000 euros from September. More at Reuters.
A new milestone is reached! German 10-year bund yield drops below zero for the first time in the history. The German 10-year securities join the more than 40 percent of the $6.4 trillion of
Commerzbank is considering storing cash in costly vaults instead of keeping it with the European Central Bank. Should Commerzbank take this step, pulling money away from the ECB and literally storing it in vaults
The European Commission finally announced the long-awaited delay in the implementation of Markets in Financial Instruments Directive (MiFID II) last Wednesday. Investment firms, market operators and data reporting services providers will have an additional
Germany sells five-year government bonds at a negative yield. Germany auctioned five-year government bonds at a negative yield. That is for the first time in its history. It’s a Big day for the financial history
Excerpt from the speech by Peter Praet, Member of the Executive Board of the ECB at the FT Debt Capital Markets Outlook Conference in London, on 12 February 2015. Faced with an increasing risk
The ECB Governing Council took today the following decisions: 1. ECB decided to launch an expanded asset purchase programme: the Eurosystem will start to purchase euro-denominated investment-grade securities in March 2015 issued by euro area