The FT is now reporting that Credit Suisse is charging savers to keep their money with the bank.
I suppose we’re not there yet, but it seems rates are still going down.
December 4, 2012 - Posted by AnonW | Finance, News | Banks
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What this blog will eventually be about I do not know.
But it will be about how I’m coping with the loss of my wife and son to cancer in recent years and how I manage with being a coeliac and recovering from a stroke. It will be about travel, sport, engineering, food, art, computers, large projects and London, that are some of the passions that fill my life.
And hopefully, it will get rid of the lonely times, from which I still suffer.
Why Anonymous? That’s how you feel at times.
The Anonymous Widower
This is not unusual in Switzerland. I travelled there a lot in the 70s and all that time they had negative rates. The have a unique position in banking, being a very desirable repository for funds, and they are not slow to make a profit from it.
Comment by John Wright | December 4, 2012 |