News Headline Summary

Market talk that Julius Baer (BAER VX) has informed clients on imposing negative deposit rates - Unconfirmed

‘Market talk’ – Signifies information that has not been formally tested through traditional journalistic channels and therefore is to be treated as unsubstantiated. Any interpretation of the talk is taken at the readers own risk and is a representation of the rumours within the market place and never generated by ourselves.

Update details:

- This talk follows similar moves from UBS this week and Credit Suisse last week.

Reaction details:

- No move seen in EUR/CHF to this news.
- If this talk is correct it would not be entirely surprising given that both big Swiss banks have already moved to negative rates on deposits.

Print 07:30, 13 Dec 2012 - SMI - Source: RANsquawk