The bank plans to charge corporate and institutional customers that have €10 million or more a negative interest rate of 0.1 percent starting in October. This is due in part because the European Central Bank began charging financial institutions 0.4 percent to hold cash overnight. This move to negative rates has never been done in the 5,000 year history of money and will surely end in disaster for Europe.

This is bullish news for alternatives currencies like Bitcoin and Steem that don't charge customers to own it. It Also, bullish for stocks and precious metals since depositors are guaranteed a 0.1 percent loss just sitting on cash. 0.1 percent doesn't seem like much but I have a feeling it's just the beginning for negative rates.

http://www.irishtimes.com/business/financial-services/bank-of-ireland-to-charge-for-placing-cash-on-deposit-1.2761010