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    UBS now charges pension funds negative interest | Pension funds are annoyed: they now have to pay UBS if they hold liquid assets in accounts.
    Switzerland

    UBS now charges pension funds negative interest | Pension funds are annoyed: they now have to pay UBS if they hold liquid assets in accounts.


    UBS now charges pension funds negative interest | Pension funds are annoyed: they now have to pay UBS if they hold liquid assets in accounts.

    https://www.srf.ch/news/schweiz/zahlen-statt-zins-erhalten-ubs-belastet-pensionskassen-neu-mit-minuszinsen

    Posted by BezugssystemCH1903

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    2. different_welde on

      Pension Funds need to hold more and more cash, it’s also clear that this has a cost to banks. At some point if interest rates are 0, it’s clear they have to charge customers.