Swiss Capital Controls Escalate As Credit Suisse Sets Negative CHF Deposit Rates

In a world that already makes little sense to most, Credit Suisse just pushed the envelope a little further. The bank has just announced that going forward it will be charging for firms to hold a CHF cash balance – i.e. the bank, given the already-negative Swiss government bond yields, has moved to…

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Swiss Capital Controls Escalate As Credit Suisse Sets Negative CHF Deposit Rates