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Bankers Who Pioneered Negative Retail Rates Hit a Milestone Mar 03 2021, 11:02 PM March 02 2021, 11:28 PM March 03 2021, 11:02 PM (Bloomberg) They may still be feared by bankers elsewhere, but negative retail deposit rates have now gone mainstream in Denmark. (Bloomberg) They may still be feared by bankers elsewhere, but negative retail deposit rates have now gone mainstream in Denmark. Fourth-quarter results show that all Denmarkâs largest banks have started charging their retail depositors for amounts as low as $16,000, marking the biggest pass-through in the world of negative central bank rates to regular customers via their banks. Karen Frosig, chief executive of Sydbank A/S, says Denmarkâs bank industry has finally managed to normalize something that remains taboo elsewhere. âIt isnât causing any noise anymore, which is great,â she said by phone on Tuesday, after reporting quarterly earnings. âMy deposit surplus is ....
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