BNY Mellon weighs charging clients on euro deposits
July 18 (Reuters) - BNY Mellon Corp, the world's largest custody bank, is weighing whether to charge clients on their euro deposits, senior executives at the bank said on Wednesday.
BNY Mellon Chief Financial Officer Todd Gibbons told Reuters no decision has been made, but the bank is concerned about a build up in client euro deposits. He said there's a possibility the bank would impose some kind of charge.
In the second quarter, noninterest-bearing client deposits surged by $20 billion, or 46 percent, to $63 billion.
- Malaysian jetliner may have turned back before vanishing |
- Malaysian plane presumed crashed; questions over false IDs |
- Radar showed missing plane may have turned back: Malaysia military
- Malaysian jet's disappearance among rarest of aviation disasters