Smaller Swiss private banks most exposed to SNB policy shock

05-Feb-2015 #Globalwealth Source: Reuters

Swiss National Bank’s (SNB) decision to charge higher so-called negative interest rates as of Jan. 22 on some of the banks who deposit overnight funds with it has resulted in a competitive hit to the smaller banks that are facing shrinking margins and growing international competition. Will the banks pass on this charge to the clients or not needs to be seen now.

Read Full Article..