Thread: Negative interest rates - first retail banking reaction
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Old 14.11.2016, 09:13
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Re: Negative interest rates - first retail banking reaction
Quote:
starmir
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Fact check: ABS has already been doing this a while, since november last year http://www.thisismoney.co.uk/money/n...ive-rates.html
Difference being that ABS only has 30,000 customers, whereas PF has 3,000,000.

Quite an obvious move from PF. They don't have a loan book that they can flex the pricing on to maintain their net interest margin like a full service bank.
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