Showing posts with label fleeing euro. Show all posts
Showing posts with label fleeing euro. Show all posts

Wednesday, October 10, 2012

Depositors Fleeing Euro Get Negative Rates at State Street

Madness has truly penetrated financial markets.  Banks are now charging depositors a fee for parking their money.

http://www.bloomberg.com/news/2012-10-09/depositors-fleeing-euro-get-negative-rates-at-state-street-bny.html