Simply put, with zero interest rates pushing operating margins down to nothing, the only thing starving bankers have left to do to survive the drought is cannibalize the industry.
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In an attempt to ride the recent wave of antibank sentiment fomented by November's Bank Transfer Day, a 35-year-old freelancer from Brooklyn, New York...
The Federal Open Market Committee has reduced the target fed funds rate by three-quarters of a percentage point, officially entering a very-close-to-zero interest rate policy.
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