European Banks Feel the Pinch From Draghi’s Negative Rates

Updated on
  • Net interest income falls for first time in two years
  • Low or negative rates are ‘right monetary policy’ Draghi says

The Ramifications of the ECB on Markets

The largest banks in the euro region earned less from lending in the first quarter as the European Central Bank’s experiment with negative interest rates compounded the pain of a trading slump and rising regulatory costs.

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