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Just a few weeks ago, 300 of Credit Suisse’s top dealmakers gathered in New York to hear the vision for the Swiss bank’s new ‘super-boutique’ CS First Boston.

Swiss lender UBS is looking to unwind a deal to sell off Credit Suisse's investment bank and has entered talks with dealmaker Michael Klein, the Financial Times reports, citing unnamed sources.

Circle is a Boston-based fintech company that provides payments and investment services using blockchain technology. USDC is a stablecoin issued by Circle and Coinbase, pegged to the value of the US dollar at a 1:1 ratio. It is one of the fastest-growing stablecoins, with a market capitalization of over $10 billion as of March 2022.

Circle has $3.3 billion of its $40 billion of USD Coin reserves at the collapsed lender Silicon Valley Bank, the company said in a tweet on Friday. The stablecoin company's announcement comes after startup-focused SVB collapsed on Friday in the largest bank failure since the 2008 financial crisis, roiling global markets and stranding billions of dollars belonging to companies and investors. Traders have been on guard this week for signs of contagion in the financial sector and beyond from troubles for SVB and crypto-focused Silvergate, which this week disclosed plans to wind down operations and voluntarily liquidate. Boston-based Circle said last week it had moved a «small percentage» of USDC reserve deposits held at Silvergate to its other banking partners.

Blockchain protocol VeChain, in collaboration with the global management firm Boston Consulting Group (BCG), has issued a whitepaper for VET 3.0.

Private equity’s recent challenges in fundraising, deal making and exits don’t dim the long-term outlook for the asset class, a new report from Bain says.

The U.S. Securities and Exchange Commission has charged former NBA player Paul Pierce with violating anti-fraud and anti-touting rules by promoting the EthereumMax cryptocurrency. Pierce has agreed to settle the charges and pay $1.409 million in penalties.

Former Boston Celtics star Paul Pierce was ordered to pay more than $1.4 million in penalties after being charged with making false and misleading statements about crypto securities he was paid to promote, US regulators said Friday.

NBA Hall of Famer Paul Pierce, who won a championship with the Boston Celtics, agreed to settle with the Securities and Exchange Commission for $1.4 million over allegations that he unlawfully touted crypto securities, the regulator announced on Friday.

Check out the companies making headlines in midday trading.

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Former Citigroup dealmaker Michael Klein was handed control of Credit Suisse's investment banking unit, along with two other top jobs, after the Swiss bank agreed to pay $175m for his 40-person boutique. Klein, a key architect of the spin-out of its investment banking business, was named chief executive of banking, head of its Americas operation and CEO designate of CS First Boston.

Former Citigroup dealmaker Michael Klein was handed control of Credit Suisse's investment banking unit, along with two other top jobs, after the Swiss bank agreed to pay $175m for his 40-person boutique. Klein, a key architect of the spin-out of its investment banking business, was named chief executive of banking, head of its Americas operation and CEO designate of CS First Boston.

Former Citigroup dealmaker Michael Klein has been handed control of Credit Suisse's investment banking unit, along with two other top jobs, after the Swiss bank agreed to pay $175m for his 40-person boutique.

Apollo Global Management is among a group of financial firms in talks to take a stake in Credit Suisse’s revamped investment bank, people familiar with the matter said.

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.

Founder of “My Big Coin” and convicted fraudster Randall Crater has been sentenced to 100 months in prison and has been ordered to pay over $7.6 million to the victims of his fraudulent scheme. 

Crypto-versed lawyers will play an increasingly important role in Web3 firms — particularly after the implosion of FTX and the industry braces for regulatory turbulence, two legal academics believe.

Cuan Coulter has risen up the ranks over his three decade career in finance to become UK head at mega-manager State Street. But it hasn't all be plain sailing. He tells Financial News how a tough travel schedule took its toll on his personal life, and how he finally built family time around his work.

Classroom adoption of Bitcoin and cryptocurrency courses continue to skyrocket, with Texas A&M now being the latest U.S. College to offer a Bitcoin course to some of its 74,000+ students.

A joint venture in collaboration with MIT, the initiative known as Project Hamilton, was named after Founding Father Alexander Hamilton and MIT and Apollo Mission computer scientist Margaret Hamilton. Boston Fed executive vice president Jim Cunha reveals that the now-concluded project was “agnostic” from the start about any future policy decisions regarding new technologies and US currency.