Article highlights how a number of banks are charging institutional clients for depositing their funds, meaning the interest rates are negative .. Several banks, including Bank of New York Mellon Corp, Credit Suisse Group AG, Goldman Sachs Group Inc & JP Morgan Chase & Co., have applied this practice .. “Investors and corporations, along with investment funds and asset managers, are becoming the biggest victims of this practice. They view this change as revolutionary. Multinational organizations that manage large-scale operations in the continent are witnessing a spike in their expenses as a result of this practice. Fear of a doomed European financial system is one of the driving forces behind such drastic measures. Currently, the economy is at a halt and in desperate need for households and businesses to add money in the system and revive confidence in investors .. This might lead to abandoned clients looking for more secure options to place their misplaced money or force them to opt for high-risk instruments such as debt-based funds or repurchase agreements.”

LINK HERE to the source article

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