NIRP Officially Arrives In The US As JPM Starts Charging Fees On Deposits

Tuesday, February 24, 2015
By Paul Martin

by Tyler Durden
ZeroHedge.com
02/24/2015

The nebulous threat of NIRP in the US “some time in the future” became tangible after J.P. Morgan Chase, the largest US bank by assets (and second largest in the US by total derivative notional) is preparing to charge large institutional customers for some deposits. WSJ adds that JPM “is aiming to reduce the affected deposits by billions of dollars, with a focus on bringing the number down this year. “The moves have thrown into question a cornerstone of banking, in which deposits have been seen as one of the industry’s most attractive forms of funding.”

The Rest…HERE

One Response to “NIRP Officially Arrives In The US As JPM Starts Charging Fees On Deposits”

  1. The greed and corruption is disgusting. They are not even banks anymore. Their interest is in gambling in the corrupt, ponzi scheme stock market. The government not only promotes this, but every policy,law and tax code favors these white collar criminals. Janet yellen is a puppet for wall street just like bernanke and greenspan. Wake up america. They are criminals!

    #1160151

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