When Money Is Free, Lenders Start Charging for Everything Else
- Squeezed by negative rates, European lenders impose more fees
- Banks aim to weed out unprofitable clients, analyst says
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In normal times, bankers who oversee assets exceeding $1 trillion wouldn’t be groping for loose change under the sofa.
But in the banking equivalent of hunting for pennies, European financial giants like Banco Santander SA and ING Groep NV are looking to squeeze more revenue from depositors.