STT State Street Corporation

State Street Corp. (STT) and Bank of New York Mellon Corp. (BK) will charge for deposits in Danish krone and Swiss franc amid a flight of safety from the euro, Bloomberg News reported Tuesday on its website.

State Street will impose a negative 0.75% annual interest rate for krone deposits starting Nov. 1, and a separate charge for franc deposits, the report said, citing a note to clients.

BNY Mellon started charging for krone deposits last month but isn't charging for franc deposits, the report added, citing a person familiar with the matter.

Full story: http://www.bloomberg.com/news/2012-10-09/depositors-fleeing-euro-get-negative-rates-at-state-street-bny.html