JPMorgan says benefit of negative U.S. rate might outweigh costs
A negative Federal Reserve policy rate is still improbable, but if it were to happen it could be a net benefit, according to a note from JPMorgan Chase. ... Read full article
News Topic: Negative rates
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Will climate change spur crisis?; OCC, FDIC go it alone on CRA overhaul
Bank for International Settlements report says central banks don't have tools to handle climate change; banks could face different CRA rules. ... Read full article
Regulators ease hemp banking rules; alternative credit checks get the nod
Banks will not have to file reports on customers just because they're in the hemp business; making it easier for people with no credit history to get loans. ... Read full article
Fidelity wins crypto custody charter; HSBC plans restructuring
The charter may provide greater confidence for digital currency investors; bank expects to make large-scale job cuts in its global banking and markets unit. ... Read full article
Amex sweetens pot for merchants; Trump, Powell meeting raises questions
The company is reportedly paying bonuses to get retailers to accept its cards; both sides offer different take of rare get-together. ... Read full article
Next step in Libra battle; bank stock rally fizzles
Facebook CEO to face a skeptical House panel on Oct. 23; bank stocks have given up last month’s gains as investors await earnings season. ... Read full article
Banks hail Volcker Rule change; Subprime mortgages are back
The FDIC and the OCC relax the rule restricting proprietary trading; home buyers with bad credit, lots of debt, or employment issues are again getting loans. ... Read full article
Could there ever be negative long-term mortgage rates in the U.S.?
The potential for negative long-term mortgage rates is surfacing around the world, and with global tensions building in the U.S. market, there's a small but growing chance it could happen here, too. ... Read full article
Negative interest rates aren’t just dangerous. They don’t work
Negative interest rate policies have not been shown to speed up spending or borrowing. In some cases, countries with such policies have seen their savings rates continuing to climb. ... Read full article