Banks ponder vault cash in response to negative rates: Lending reality in a nutshell

By Mike “Mish” Shedlock Under guise of preventing fraud the ECB voted to kill the €500 note. Fraud was not the real reason. The real reason was to make it more difficult for banks to store physical cash to avoid negative interest penalties. Cash Under the Mattress Please consider Banks Seek Cheap Way to Store Cash…

vault photo
Photo by PeteLinforth, Pixbay