Wednesday, March 3, 2021

Tag: World’s Richest Are Stashing ‘Large Sums’ Of Cash In Vaults As Swiss Bankers Rage Against Negative Rates

World’s Richest Are Stashing ‘Large Sums’ Of Cash In Vaults As Swiss Bankers Rage Against Negative Rates

from ZeroHedge:

Finally, somebody at Davos is talking about something other than the weather…

Davos’s wealthiest denizens have reportedly been laser-focused on the issue of climate change and it’s potential impact on the global economy and markets this year – and the¬†Trump vs. Greta¬†drama has only stoked interest – but apparently at least one of the hundreds of reports combing the town’s ritzy resorts has found a couple of bankers willing to discuss what’s really bothering the industry.