Eurozone banks need to change business models – Constâncio
ECB vice-president points to Swedish banks’ profitability despite low and negative rates
Negative deposit rates are not threatening the profitability of eurozone banks, the vice-president of the European Central Bank (ECB) has argued.
Vítor Constâncio told an audience in Frankfurt today (November 14) that eurozone banks need to reform their business models instead.
Jens Weidmann, president of Germany's Deutsche Bundesbank, recently made a forceful case that negative rates and other unconventional monetary policies may be damaging eurozone banks' profits. This could in turn affect
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