NIRP came to the United States

11 December 2014, 13:13
Vasilii Apostolidi
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Negative interest rates of profit in the US - says Zero Hedge.

NIRP Arrives In The US: TBTF Banks Tell Customers To Move Their Cash Or Be Charged Fees

In connection with the new rules of banking regulation, introduced recently Fedom, the largest US banks pondered if they should so many deposits.

According to the WSJ number of major banks, including JP Morgan, Citigroup, HSBC, Deutsche Bank and Bank of America are negotiating with clients, ranging from large companies to the hedge funds, insurers and small banks on the introduction of fees for maintenance of deposit accounts.

Since January, JP Morgan introduces fee for maintaining deposit account.

  New requirements for liquidity and capital maintenance changed the operating environment and the increased cost of doing business with financial institutions.

This may have important implications for financial markets.

Firstly, this may lead to the fact that the "safe havens" US Treasuries type can be even more expensive.

Secondly, it will lead to the fact that even some of the capital of the deposits will be relocated to the assets (the Fed could this just sought).

Zero Hedge makes a final conclusion:

The next market crash can be absolutely epic.McAuley NICHOLAS LUDANOV
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