October 17, 2014

ONE ECONOMY TO RULE THEM ALL:

Big Banks Start Charging Clients for Euro Deposits (JULIET CHUNG and VIPAL MONGA, Oct. 17, 201, WSJ)


A number of global banks have begun charging large customers to deposit their money in euros, a rare move that could have costly implications for investors and companies that do business on the Continent. [...]

Now, instead of paying customers interest on their euro accounts as they have done traditionally, Bank of New York Mellon Corp. BK +0.33%  , Goldman Sachs Group Inc. GS +1.74%  and J.P. Morgan Chase JPM +1.65%  & Co. have started charging them, according to people familiar with the matter.

Posted by at October 17, 2014 3:04 PM
  

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