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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. ...


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