The Rich Getting Poorer? Swiss Banks Begin Charging Wealthy Clients For Deposits

Published: 20/09/2019
The Rich Getting Poorer? Swiss Banks Begin Charging Wealthy Clients For Deposits
Source: WWW.PRISONPLANET.COM

Zero Hedge | For years, European banks were leery of passing on the ECB's negative deposit rate to their clients for fears of deposit flight and other unintended consequences, in the process being forced to "eat" the difference and impacting their interest income.

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