Intesa has no plan to apply negative rates on deposits - chairman
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MILAN (Reuters) - Italy's biggest retail bank Intesa Sanpaolo has no plan to apply negative rates to customer deposits, Chairman Gian Maria Gros-Pietro said on Tuesday.European banks are grappling with the consequences of the European Central Bank's September decision to cut its key deposit rate further into negative territory. Following in the tracks of some European rivals, Italy's top bank UniCredit has said it will from next year apply negative interest rates to deposits exceeding..