July 18 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
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.