Bank of America Corp cited the possibility of negative interest rates in the Uni...
FILE PHOTO: A Bank of America logo is pictured in the Manhattan borough of New York City, New York, U.S., January 30, 2019. REUTERS/Carlo Allegri
The unconventional policy measure has been a talking point for President Donald Trump, who has critiqued the Federal Reserve for raising interest rates earlier in his presidency. “A move to negative interest rates in the U.S., could result in lower revenue, and maintain or increase pressure on net-interest income, which may adversely affect our results of operations,” the bank said in a filing.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
LendingClub buys Radius Bank for $185 million in first fintech takeover of a regulated US bankThe move marks the first time a U.S. fintech company has acquired a bank.
Les mer »
Russia sees jump in cyber theft from bank accounts: central bankRussia's central bank last year recorded an increase in online theft that s...
Les mer »
World Bank pandemic bond under pressure as coronavirus spreadsA World Bank bond designed to deliver funding to help the world's poorest c...
Les mer »
Why 'greedy' Deutsche Bank said yes to TrumpAuthor David Enrich explains why Deutsche Bank worked with President Trump. 'In a word, because they were really greedy, and they were desperate to establish a business presence in the United States.'
Les mer »
Exclusive: JPMorgan shakes up investment bank in leadership makeover - sourcesJPMorgan is reshuffling senior management at the top of its investment bank, nam...
Les mer »
LendingClub becomes first fintech to acquire US bank - Business InsiderLendingClub is poised to become the first fintech to buy a US bank in a $185 million deal one analyst called 'amazing news' — here's why it's so transformative
Les mer »