Banks in Germany Tell Customers to Take Deposits Elsewhere

Banks in Germany Tell Customers to Take Deposits Elsewhere

Interest rates have been negative in Europe for years. But it took the flood of savings unleashed in the pandemic for banks finally to charge depositors in earnest. Germany’s biggest lenders, Deutsche Bank AG and Commerzbank AG, have told new customers since last year...
Will The Global De-Dollarization Collapse The Greenback?

Will The Global De-Dollarization Collapse The Greenback?

The U.S. dollar has been as good as gold for the last 70 years, enjoying its hegemony as the international reserve currency. Despite the Federal Reserve destroying the greenback’s value over the last 100 years, foreign governments, central banks, and...