UBS set to charge wealthy for keeping euro savings
Annual fee of 0.6% will be imposed on accounts with over 1m euros, from May
Fri, Mar 24, 2017 - 5:50 AM
UBS, the world's biggest wealth manager, will impose a penalty charge on customers who park euros with the bank, making it one of the largest lenders to break what has been a taboo in finance as sub-zero interest rates bite.
The Swiss bank will introduce from May an annual...