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UBS considers passing negative rates to more clients
By Marion Halftermeyer and Patrick Winters
Bloomberg News
Thursday, March 5, 2020
UBS Group AG is considering whether to impose fees on a wider group of savers as it seeks to share the burden of negative interest rates.
The Swiss bank is approaching clients holding less than the 2 million Swiss francs ($2.1 million) about paying for their deposits, people with knowledge of the matter said, asking not to be identified discussing private talks. That's the current threshold at which charges currently kick in at the lender. ...
... For the remainder of the report:
https://www.bloomberg.com/news/articles/2020-03-05/ubs-considers-passing...
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with great GATA-label wine
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http://www.gata.org/files/GATA-4-wine-bottles.jpg
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Support GATA by purchasing
Stuart Englert's "Rigged"
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https://www.amazon.com/Rigged-Exposing-Largest-Financial-History/dp/1651...
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