Deutsche Bank's CFO says the ECB is burdening banks with the costs of monetary policy after it decided to scrap interest payments on minimum reserves
said the European Central Bank was burdening banks with the costs of monetary policy after it decided to scrap interest payments on minimum reserves.
on Thursday announced it will stop paying banks for the money they are required to keep at the institution, a shift that will cost lenders in the region about $6 billion, based on the latest data. Deutsche Bank will lose about 200 million euros in revenue annually, von Moltke estimated.
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