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Small German bank breaks taboo by charging wealthy clients for deposits.

It will apply a custody charge of 0.4 percent to sight deposit accounts over 100,000 euros from September.

More at Reuters.

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Nejc
Jernej Doles is the founder and managing director of Omega Finance. He has many years of experience in teaching and consulting on financial topics, such as derivatives, hedging portfolios, fixed income, equities and risk management. Check out his résumé. You can follow him on LinkedIn, Facebook, or Twitter. For more information about his public seminars, please visit Omega Finance web page.

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