UBS to eliminate account balance fees from Oct 1 after SNB hike

by Aurelia Butler 22 September 2022, 11:56 199 Views

ZURICH (Reuters) – UBS Group will eliminate from Oct. 1 the fee it charged on accounts by private and corporate clients to offset negative interest rates after the Swiss National Bank raised its policy rate into positive territory on Thursday, the bank said.

Credit Suisse said in an emailed statement it would keep monitoring the market situation and could soon adjust rate conditions, but had stopped charging private clients negative interest rates from July 1.

Source: Economy - investing.com

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UBS to eliminate account balance fees from Oct 1 after SNB hike

Bank of England raises rates to 2.25%, despite likely recession

Europe's vegetable farmers warn of shortages as energy crisis bites

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