Depositors Fleeing Euro Get Negative Rates at State Street - Bloomberg

Depositors Fleeing Euro Get Negative Rates at State Street - Bloomberg

 Denmark and Switzerland have cut interest rates close to or below zero to keep the krone and franc from rising as investors flee the euro for safer havens, reflecting concern that the currency may break up. While negative rates may drive off some customers, global lenders want to restore the profit margin between what they pay for deposits and what they earn on investments.