RBS to charge some British corporate customers negative rates

Some big corporate clients of Royal Bank of Scotland face the prospect of paying to hold deposits with the bank from Monday as it becomes the first lender in Britain to charge negative interest rates. The move, announced by the bank on Friday, is linked to the European Central Bank's negative deposit rate and not to the Bank of England's decision this month to cut its main lending rate to a record low 0.25 percent. The Edinburgh-based bank has contacted about 70 investment banking customers to w