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 Orrin Judd at October 17, 2014 3:04 PM
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