UBS is to introduce from annual an May this year fee of 0.6% on accounts with over €1m ($1.1m) in response to the very low or negative European Central Bank rates which have eaten into the Swiss banks' margins.
UBS is to introduce from May this year an annual fee of 0.6% on accounts with over €1m ($1.1m) in response to the very low or negative European Central Bank rates which have eaten into the Swiss banks' margins.