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Tag Archives: 6b.) Zerohedge on Negative Rates

UBS To Start Charging Rich Clients With Negative 0.75 percent Interest Rate

For years, European banks were leery of passing on the ECB’s negative -0.40% 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. However, after five years of NIRP, and with the ECB set to unleash even more negative rates in the immediate future, one bank has finally taken a stand: according...

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