RBS to charge some corporate customers for deposits in Britain

Some large corporate clients who bank with Royal Bank of Scotland face the prospect of paying to hold cash in their accounts from Monday, a source close to the bank said, the first in Britain to charge negative interest rates on deposits. RBS is passing on the negative rates those clearing houses have charged to handle those trades since the European Central Bank cut its base rate earlier this year, the source said. RBS could not immediately be reached for comment.