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UBS to Charge Bank Clients for Franc Deposits Starting Next Week
UBS AG (UBSN), Switzerland’s biggest bank, will start charging financial institutional clients for cash balances held in Swiss francs from Dec. 21. “Due to the continued prevailing market situation affecting the Swiss franc, we have decided to take additional corrective actions,” according to a notice published on the Swift system yesterday and made available by UBS. “As a consequence, we will start applying a charge for credit balances maintained by financial institutions in their Swiss franc accounts with UBS in Zurich.” UBS said charges would be communicated individually to clients within days, adding ... (full story)
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- Dec 11, 2012 4:46am Dec 11, 2012 4:46am
- Kis Zoltan
- | Joined Oct 2011 | Status: Member | 448 Comments
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- Dec 11, 2012 6:00am Dec 11, 2012 6:00am
- spekitox
- | Joined Sep 2008 | Status: Lucky Man | 715 Comments
forget about tomorrow, just steal away into the night
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- Dec 11, 2012 6:10am Dec 11, 2012 6:10am
- Spreadbetter
- | Membership Revoked | Joined Feb 2012 | 3235 Comments
"The meek shall inherit the earth.." Yeah right, good luck with that shit..