After dazzling investors with their ability to largely withstand the economic upheaval caused by the pandemic, and after benefiting from writing back billions in provisions they squirrelled away to cover soured loans.
The prudential regulator wants banks to be prepared for zero and negative interest rates, and has called on them to take all ‘‘reasonable steps’’ to ensure their technology systems.
Intergenerational report Policymakers are betting on low rates and solid growth, writes Ronald Mizen.
The federal government has paid a negative interest rate on $1 billion borrowed from institutional investors, the first time on record the total cost of a Treasury debt sale has fallen below zero.
