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Montevideo, September 22nd 2023 - 05:46 UTC

Tag: Swiss francs

  • Friday, October 18th 2019 - 09:38 UTC

    Credit Suisse will charge wealthy clients with large cash deposits

    A rate of -0.85per cent will be imposed on business customers with balances above 10 million francs.

    Credit Suisse will start charging wealthy clients with large cash deposits in Swiss francs, the latest Swiss bank to pass on negative interest rates to customers. Individual and business customers will be charged a rate of -0.75per cent on cash balances above 2 million Swiss francs (US$2.02 million), Switzerland's second-biggest lender said. Balances of less than 2 million francs will be unaffected.