Swiss bank ABS plans negative interest rates for some depositors

October 16, 2015 7:08 PM

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ZURICH Oct 16 The Alternative Bank Switzerland (ABS) is to introduce negative interest rates for some depositors next year, a spokeswoman said on Friday.

Many Swiss banks have been hit by deposit charges to keep cash with Switzerland's central bank, a policy introduced in January to make the strong Swiss franc less attractive to foreign investors.

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