Frederick Malherbe News Today : Breaking News, Live Updates & Top Stories | Vimarsana

added to the venue for hollywood's biggest awards. the field of best picture contenders features many of last year's biggest box—office hits, including elvis, and everything everywhere all at once. now on bbc news, talking business. hello, everybody, welcome to talking business with me, aaron heslehurst. let's take a look at what's on the show. rates are rising around the world, so why aren't more savers getting a better deal from their banks? bumper profits are expected from the world's biggest financial institutions this year, as they charge more to borrow. but those with savings...

Just not a good look. and i think that they're looking a little wary that something like that might happen. but we'll see. 0k. well, on that point, liz lumley, from the banker magazine, a real pleasure having you on the show. thanks for your time, and i'll talk to you soon. thank you. well, my next guest from university college london says that central banks should be looking at taking radical steps to change this situation if banks don't pass on interest rates to savers. frederick malherbe, a real pleasure having you on the show. i know you like to go by fred, so we'll start with this, fred. ...

And the central bank is paying 4% for that in the... in the uk, other rates elsewhere in the world. but then, the question is, to whom should those interest payments go? should it be to the savers or to the bank? and so, in my point of view, it should be a bit of both, but probably much more... a much, much biggerfraction should go to the savers and for the service they provide, a small fraction should go to...to the bank. well, on that note, frederick malherbe, a real pleasure having you on the show. thanks for your input, and i'll check in with you soon. thank you very much. my pleasure. you...

If the banks already are sitting on a pile of money, they don't need new deposits, there's no competition, none of this is going to work. i think it could still work. it is true that the banks are sitting on a huge pile of cash which they hold in reserves at the... at the central bank. and so in a sense, they don't need that money to make extra loans, but itjust means that there is extra liquidity in the system and the central bank is paying 4% for that in the... in the uk, other rates elsewhere in the world. but then the question is to whom should those interest payments go? should it be to t...