Bank of New York Mellon Corp. is preparing to charge some large depositors to hold their cash, in the latest sign of the worries roiling global markets.
Bank of New York Mellon is preparing to charge some large depositors to hold their cash.
The big U.S. custodial bank said this week in a note to clients that it will begin slapping a fee next week on customers that have vastly increased their deposit balances over the past month.
Thursday, August 04, 2011
BNY Mellon to Slap Fees on Some Big Deposits Amid Global Race to Cash
The Wall Street Journal reports:
