Euro zone banks earn more from lending despite moans over negative rates
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FRANKFURT (Reuters) - Euro zone banks increased their net interest income in the third quarter of last year, despite incessant complaints that negative central bank rates are wiping out their most basic form of income, data from the European Central Bank showed on Wednesday.The ECB cut its deposit rate to minus 0.5% in September but has long argued that banks are net beneficiaries of its super-easy policy as higher lending volumes more than offset the drag from low rates.Banks supervised by the..