FT story doing the rounds

The headline from the FT is: Senior European bankers voice concerns over ECB cut. That sounds as it might relate to sources or indicate that those bankers are lobbying the ECB today. Really, the story is just a compendium of recent comments about negative rates from top bank officials.

What I love about this debate is that banks were like pigs at the QE trough, salivating over the meal and bathing in the profits. Now when central banks do something that should be at least as simulative, but cuts into profitability, they scream bloody murder.

Naturally, the central banks will do whatever the bankers want.

For more on the ECB, check out Ryan's preview.