Tag: Denmark

Negative Rates Are a Cash Cow for Denmark’s Mortgage Lenders

(Bloomberg) — In Denmark, where banks have been grappling with negative interest rates longer than in any other country, there’s one corner of their business that’s raking in a lot more money.Low rates are driving record numbers of borrowers to seek cheaper mortgages, generating bumper fees for an industry
— Read on ca.finance.yahoo.com/news/negative-rates-cash-cow-denmark-040000894.html

Rich Savers Take Another Hit in Denmark as Negative Rates Spread – Bloomberg

A second Danish bank has targeted its richest depositors and announced it will impose negative interest rates on large retail accounts.
— Read on www.bloomberg.com/news/articles/2019-08-28/rich-savers-take-another-hit-in-denmark-as-negative-rates-spread

Banks are now paying people to borrow money — and that’s a really bad sign for the global economy | Financial Post

Danish lender offering mortgages at -0.5%
— Read on business.financialpost.com/news/economy/banks-are-now-paying-people-to-borrow-money-and-thats-a-really-bad-sign-for-the-global-economy