Wealth and Asset Management
Tiny German bank breaks taboo by charging rich clients for deposits
A small cooperative bank in the Bavarian Alps is breaking a German taboo by charging wealthy clients to deposit their money following the European Central Bank's shift to negative rates. Raiffeisenbank Gmund on the idyllic Tegernsee lake, home of wealthy actors and sports stars, will apply a custody charge of…
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Click here to read the full story: Reuters