The biggest U.S. custodial bank said this week in a note to clients that it will begin slapping a fee next week on customers who have vastly increased their deposit balances over the past month.
Stocks remained heavily under pressure in another volatile session Thursday as fears over a global economic slowdown intensified and ahead of the widely-followed monthly unemployment report. The Dow plunged 350 points and All three major averages are now trading in negative territory for the year.