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Mario Draghi urged commercial banks to cut costs instead of blaming the ECB for their weak earnings

Mario Draghi

The President of the European Central Bank (ECB) Mario Draghi urged commercial banks to cut their costs instead of blaming the central government’s monetary policy for low profitability. “There is little evidence that negative rates are undermining the profitability of banks”, said the Governor of the ECB. Instead, in his …

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