JULIUS BÄR GRUPPE AG The decision by the Swiss National Bank to raise its policy rate from -0.75% to -0.25% last month was another factor in the bank's decision, which will apply from Aug. 1, it said.
(Reporting by John Revill; Editing by Jacqueline Wong)
Swiss bank Julius Baer to cease charging clients negative interest
July 22, 2022 at 01:13 am EDT
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ZURICH (Reuters) - Julius Baer will no longer charge negative interest rates on client deposits in euros, Swiss francs or Danish krone, the Swiss private bank said on Friday, citing the European Central Bank's Thursday decision to hike its main interest rate to 0%.
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