Swiss Bank Hits Customers With Negative Interest Rates; Crazy? What About Velocity?
MishTalk
NOVEMBER 24, 2015
per cent rate to their institutional clients, but Alternative Bank Schweiz is believed to be the first retail bank to hit savers with a charge. With its balance sheet totalling nearly 1.6 The ECB became the first major central bank to venture below zero in June 2014, and it now charges banks 0.2 percent if necessary.
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