Switzerland Financial News

16.12 / 16:11

cryptocurrency Exchange M&A Stock Exchange Giant Deutsche Börse Secures a Bridge to Crypto Market

Deutsche Börse Group, the owner of the largest German stock exchange, the Frankfurt Stock Exchange, plans expansion into the global crypto markets as it has finalized the acquisition of Switzerland-based Crypto Finance AG.

16.12 / 11:25

Citi Fine FCA slaps GAM and ex-star manager with £9m fine over conflict of interest issues

The City watchdog has fined Swiss asset manager GAM £9.1m and its former star manager Tim Haywood £230,037 for “conflicts of interest and gifts and entertainment issues”.

15.12 / 21:15

Blockchain Technology Ethereum Adoption Multichain Gravity Bridge brings Ethereum to the multichain

On Wednesday, the Interchain Foundation, a Swiss non-profit serving as a steward of the Cosmos (ATOM) ecosystem, announced the launch of Gravity Bridge as built by decentralized internet service provider Althea. Gravity Bridge enables the transfer of ERC-20 tokens between Ethereum (ETH) and Cosmos blockchains.

15.12 / 16:31

Digital Seba Bank Switzerland’s SEBA Bank announces gold-token akin to stablecoin

Switzerland’s SEBA Bank has announced that it is launching a digital token that allows investors to own physical gold.

15.12 / 16:11

Credit Suisse promotes 78 new MDs — here are the names

Credit Suisse has named 78 managing directors within its investment bank, as firms have increased their promotion numbers amid a battle for talent.

15.12 / 11:10

business Blockchain Technology Adoption Seba Bank SEBA Bank launches regulated gold token to enable digital ownership of physical gold

On Dec. 15, SEBA Bank, a licensed Swiss digital assets banking platform, launched a regulated digital token backed by physical gold and exchangeable for delivery. SEBA claimed that due to its regulatory-compliant nature and the low volatility of gold prices, the gold token could eventually be used as a stablecoin for on-chain transactions.

14.12 / 02:55

Ethereum ETH Digital Bitcoin BBVA Switzerland becomes first traditional bank in Europe to offer ETH to clients

Ethereum, the largest altcoin has a massive ecosystem of decentralized finance use cases with rapidly growing adoption. More institutional investors are seeing ether as a store of value. As per a Coinbase’s report, a growing number of its institutional clients have taken positions in ether, the native currency of the Ethereum network, for its strong returns. Surprisingly, these clients predominantly bought bitcoin in 2020.

13.12 / 17:17

UBS Fine tax evasion UBS fine for tax evasion slashed by nearly half to $2bn

A French appeals court ordered UBS Group on 13 December to pay around $2bn for helping wealthy clients in France evade taxes, reducing the size of an earlier penalty of around $5bn.

13.12 / 10:56

UPS Credit Suisse hires new wealth management chief, shakes up board

Credit Suisse has hired a new chief executive of its wealth management division in a flurry of new board appointments as the Swiss bank continues to shake-up its senior ranks in the wake of the twin crises of Archegos Capital and Greensill.

12.12 / 07:28

Blockchain Provident Digital Assurant Auditchain Announces its IDO on Trustpad

Disclaimer: The text below is a press release that was not written by Cryptonews.com.

09.12 / 16:43

UPS Digital Racing wholesale India to explore wholesale, retail CBDCs, ‘will release pilot, whichever is ready first’

China’s digital yuan CBDC is seeing formidable rates of adoption. Meanwhile, Australia reported on the “successful completion” of its research for the Project Atom CBDC. Adding to that, Project Jura saw the Banque de France and the Swiss National Bank finishing up a cross-border wholesale CBDC transfer trial, which was also “successful.”

09.12 / 11:09

Credit Suisse boss Antonio Horta-Osório violated Covid quarantine rules, bank says

Credit Suisse said its chair Antontio Horta-Osório breached local quarantine rules in Switzerland when he spent three days in the country at the start of this month.

09.12 / 03:27

Platform Swiss wholesale French and Swiss central banks hail completed wholesale CBDC trial

It involved the direct transfer of euro and Swiss franc wCBDCs between French and Swiss commercial banks on a single DLT platform operated by a third party. Tokenised asset and foreign exchange trades were settled using payment versus payment and delivery versus payment mechanisms.

08.12 / 20:55

business Blockchain Adoption Swiss digital euro Central Banks of France and Switzerland announce successful trial of digital Euro, Swiss Franc

On Wednesday, the Banque de France (BdF), the BIS Innovation Hub (BISIH), and the Swiss National Bank (SNB) announced the success of a pilot run of a wholesale central bank digital currency (wCBDC), titled Project Jura. The project aimed to investigate cross‑border settlement with euro and Swiss franc wCBDCs, and launched on a third‑party distributed ledger technology platform.

08.12 / 13:57

business Blockchain Technology Swiss Joint Venture SBI announces crypto joint venture with Swiss digital exchange SIX

SBI Digital Asset Holdings, a fully owned subsidiary of Japanese banking giant SBI Holdings, announced a joint crypto venture with Switzerland’s SIX digital exchange (SDX).

06.12 / 17:09

UPS Stocks market JPMorgan UBS Omicron spoils bankers’ Christmas as UBS, JPMorgan rip up plans

Travel bans, cancelled parties and virtual festive gatherings — City firms are ripping up their Christmas plans in the wake of the new Omicron variant.

06.12 / 11:19

UBS veteran Swiss UBS taps veteran Markus Ronner as chair of Swiss arm

The Switzerland arm of UBS is to propose appointing Markus Ronner, a 30-year veteran of the Geneva-headquartered bank, as its new chairman.

03.12 / 16:27

Citi UBS NOT UBS tells European bankers not to travel as Omicron worries mount

UBS is curbing travel for its European dealmakers as the Omicron Covid-19 variant is forcing large City firms to rethink their policies for employees.

03.12 / 14:21

Citi FIVE Stocks market UBS Trading Places: Rawlinson in new role at Morgan Stanley, Youngwood becomes UBS CFO

It's been a busy week for job changes in the City. Here’s your roundup.

02.12 / 19:41

Ethereum ETF coinbase Bitcoin Craig Wright & Deadlock, Randi Zuckerberg Gets a Crypto Task + More News

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________

02.12 / 19:41

UPS Provident Digital Platform Airdrop.com Set to Launch Its Token Platform in December

Disclaimer: The text below is a press release that was not written by Cryptonews.com.

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