{"id":49364,"date":"2015-04-14T15:02:10","date_gmt":"2015-04-14T15:02:10","guid":{"rendered":"http:\/\/127.0.0.1\/site\/2017\/2\/1985\/wsj_tumbling_interest_rates_in_europe_leaves_some_banks_owing_money_on_loan\/"},"modified":"2015-04-14T15:02:10","modified_gmt":"2015-04-14T15:02:10","slug":"wsj_tumbling_interest_rates_in_europe_leaves_some_banks_owing_money_on_loan","status":"publish","type":"post","link":"https:\/\/kendallharmon.net\/?p=49364","title":{"rendered":"(WSJ) Tumbling interest rates in Europe leaves some banks owing money on loans to borrowers"},"content":{"rendered":"<p>Tumbling interest rates in Europe have put some banks in an inconceivable position: owing money on loans to borrowers.<\/p>\n<p>At least one Spanish bank, Bankinter SA, the country\u2019s seventh-largest lender by market value, has been paying some customers interest on mortgages by deducting that amount from the principal the borrower owes.<\/p>\n<p>The problem is just one of many challenges caused by interest rates falling below zero, known as a negative interest rate. All over Europe, banks are being compelled to rebuild computer programs, update legal documents and redo spreadsheets to account for negative rates.<\/p>\n<p><a href=\"http:\/\/www.wsj.com\/articles\/as-interest-benchmarks-go-negative-banks-may-have-to-pay-borrowers-1428939338\">Read it all<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tumbling interest rates in Europe have put some banks in an inconceivable position: owing money on loans to borrowers. At least one Spanish bank, Bankinter SA, the country\u2019s seventh-largest lender by market value, has been paying some customers interest on<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/kendallharmon.net\/?p=49364\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":794,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[40,50,582,589,149,591,200,590,600,593,585],"tags":[],"class_list":["post-49364","post","type-post","status-publish","format-standard","hentry","category-economics-politics","category-international-news-commentary","category-consumerconsumer-spending","category-corporationscorporate-life","category-economy","category-euro","category-europe","category-european-central-bank","category-housingreal-estate-market","category-personal-finance","category-the-banking-systemsector"],"_links":{"self":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/49364","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/users\/794"}],"replies":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=49364"}],"version-history":[{"count":0,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/49364\/revisions"}],"wp:attachment":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=49364"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=49364"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=49364"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}