BANKS NOW CHARGING TO KEEP CASH ON DEPOSIT! IS THIS THE END OF CASH?
The unusual move means some U.S. depositors will have to pay to keep big chunks of money in a bank, marking a stark new phase of the long-running global financial crisis. Mellon Bank on Thursday took the extraordinary step of telling large clients it will charge them to hold cash. The shift is also emblematic of the strains plaguing the U.S. economy. Fearful corporations and investors have been socking away cash in their bank accounts rather than put it into even the safest investments. 
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