News Headline Summary

Market talk there could be changes to Swiss 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:

- Yesterday it was reported that Credit Suisse's negative rates are said to be set up at up to -1.00%, and are to apply rates on financial-client deposits.

- There is also talk that UBS has sent its U.S. clients to Swiss Bank Pictet.

Reaction details:

- In recent trade EUR/CHF has edged higher, printing a fresh high at 1.2169; trades 1.2167 last (+36 pips).

Print 11:29, 05 Dec 2012 - Economic commentary - Source: RANsquawk