No she is not in charge of Germany or a major country but she will soon be in charge of the European Central Bank– the European version of the United States Federal Reserve. Her name is Christine Lagarde and she has won European Union support to become the first female President of the European Central Bank (ECB). It will be the first time a women has been placed in charge of all European banking, as the ECB is one of the largest financial institutions in the World.
A negative interest rate definition: The issuer (for example a bank) will charge negative interest. Instead of receiving interest on the deposit funds, depositors must pay regularly, or have negative interest rates deducted, to keep their money with the bank. This is intended to incentivize banks to lend money more freely and businesses and individuals to invest, lend, and spend money rather than pay a fee to keep it safe.
Could Deutsche Bank be too big to fail? The bank’s stock hit a record low as UBS downgraded it to sell.
Deutsche Bank is the biggest bank in Germany, followed by Commerzbank, the bank that Deutsche just tried and failed to buy. Commerzbank opened merger and acquisition talks this week with others banks. Both banks are at best only marginally profitable which is becoming normal in Germany’s banking sector.