
IPFS News Link • Economy - Economics USA
J.P. Morgan to start charging big clients fees on some deposits
• MarketWatch....The largest U.S. bank by assets is aiming to reduce the affected deposits by billions of dollars, with a focus on bringing the number down this year, these people said. The move is the latest in a series of steps large global banks have been discussing in recent months to discourage certain deposits due to new regulations and low interest rates. ...