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ECB's new rules for parking cash provides some relief - German banks

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BERLIN (Reuters) - Germany's bank lobby group on Friday said the European Central Bank's (ECB) decision to reduce penalties for parking large amounts of cash with the ECB would help local lenders save 500 million euros ($554.70 million) annually. Germany's banks will still pay negative interest rates for storing unused cash, but staggered penalties which are applicable from Nov. 1 are less of a..
Date Published: Sep 13, 2019
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