Deustche chief warns of "fatal" consequences of negative rates

• "Monetary policy is now running counter to the aims of strengthening the economy and making the European banking system safer,” says Deutsche Bank (NYSE:DB) CEO John Cryan, writing in Handelsblatt.
• Negative rates, he says, could have "fatal consequences."
• Like Bill Gross and others before him, Cryan notes negative rates not only punish savers, but pose a disastrous future for pensions which are unable to fund future liabilities with safe assets yielding next-to or less than nothing.