UniCredit CEO Jean Pierre Mustier
Jean Pierre Mustier, head of the European Banking Federation and chief executive of UniCredit, has given a stark warning to the European Central Bank (ECB) on the risks of negative rates.
Speaking to Euromoney as part of an in-depth article on the effect of negative rates on banks, Mustier says the policy could already have curtailed credit supply or made it more expensive, on a case-by case basis – for particular banks, or particular clients.
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