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Posts tagged Joseph Haurbrich
Bank Margins and Apple - September 24, 2019

Philip Molyneux, Alessio Reghezza, and Ru Xie studied over seven thousand banks, unsurprisingly finding “that bank margins and profits fell in NIRP-adopter countries compared to countries that did not adopt the policy”. Cleveland Fed’s Joseph Haubrich and Tristan Young find that as the low rate environment has hurt bank interest income, they have relied on increasing service fee. Apple is facing negative sentiment as Chinese buyers opt for domestic companies, but they did receive an exclusion from Trump’s tariffs despite a tweet to the contrary.

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