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Posts tagged #negative interest

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GER: Negative Interest on Bank Deposits

Civil Law 

In the past, customers at German banks had to pay interest for funds they kept in their bank accounts. Was this lawful? The German Federal Court of Justice (Bundesgerichtshof, hereinafter BGH) has now clarified in a landmark ruling: No, actually not....

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Negative interest ILLEGAL: Courts stand behind consumers

Civil Law 

The next blow for German banks - after the illegal fee increase, negative interest rates must now be paid back to individual customers. The Berlin Regional Court ruled for the first time that negative interest charged on checking (giro) and savings a...

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