(Bloomberg) -- Swiss banks have long complained about the cost from negative interest rates. On the other side, the Swiss National Bank made about $2 billion last year from charging banks to deposit money. Right now, it levies 0.75%, and UBS Group AG and Credit Suisse Group AG are big losers, with net interest income in decline since the SNB introduced negative interest rates in 2015.

To contact the reporters on this story: Patrick Winters in Zurich at pwinters3@bloomberg.net;Catherine Bosley in Zurich at cbosley1@bloomberg.net

To contact the editors responsible for this story: Dale Crofts at dcrofts@bloomberg.net;Fergal O'Brien at fobrien@bloomberg.net

©2019 Bloomberg L.P.

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