Comment & Analysis
Swiss banks paid $1 billion in negative interest rates in first half
Swiss banks paid 970 million Swiss francs ($1 billion) in negative interest rate charges in the first six months of 2017, according to central bank data, up 40 percent year-on-year as clients continue to hoard cash. The Swiss National Bank (SNB) is charging a 0.75 percent fee on large deposits…
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Click here to read the full story: Reuters