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Credit Suisse does indeed plan to begin charging negative interest rates on Swiss franc...

Credit Suisse does indeed plan to begin charging negative interest rates on Swiss franc deposits, "inviting customers to keep cash balances as low as possible." Whether this will have effect on safe-haven flows is another story. What's a couple of basis points to a wealthy Spanish family or company concerned about a euro exit or capital controls in their home country.
Comments (2)
  • 2 year Swiss bond has been below 0 consistently since May....
    3 Dec 2012, 04:22 PM Reply Like
  • Taleb recently described Switzerland as anti-fragile.
    3 Dec 2012, 05:18 PM Reply Like
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