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Topic: Bank of N.Y. said charging for big cash positions (cbs) (Read 931 times)

member
Activity: 97
Merit: 10
Wow, how common is that? Does charging to hold chash happen often?
full member
Activity: 350
Merit: 100
Cash hoarding is the main enemy of economy growth

Why hello there, Keynes.
legendary
Activity: 2940
Merit: 1090
Wow, the depisit insurance is actually paid for by the banks!

Amazing! I always figured they let the taxpayers take care of that for them.

-MarkM-
legendary
Activity: 1988
Merit: 1012
Beyond Imagination
http://www.marketwatch.com/story/bank-of-ny-said-charging-for-big-cash-positions-2011-08-04

This news caught my attention, I think if all the banks start to charge saving accounts, then people would rather hold their investments. But it turns out it is only a charge by the insurance company

Cash hoarding is the main enemy of economy growth
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