Major Swiss bank tries to clarify situation

Author: Gerry Davies | Category: News

The major Swiss Bank says it will set negative rates on an individual basis.  Earlier scuttlebutt had the bank initially charging 1% and then minimum of 0.75% on balances over 100 million francs.

The attempted clarification has seen EUR/CHF fall back to 1.2120 from session high 1.2145.