Largest bank banning use of cash and paying negative interest rates?
It’s Your Backyard Ventura County By George Miller JP Morgan Chase, the largest bank in the U.S., will be paying negative interest rates- yes you read that right- and banning cash, for many transactions. No, this is not the Twilight Zone- it is for real and it may be just the tip of the iceberg. The financial-savvy blog ZeroHedge wrote […]
Tags: banking, banning cash, Bloomberg, financial news, JP Morgan Chase bank, Ken Rogoff, paying negative interest rates, Tyler Durden, Willem Buiter, Zero Hedge
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