Switzerland Financial News

20.06 / 16:09

Provident UBS Deal Takeover UBS leapfrogs rivals to seventh in deal fees after Credit Suisse takeover

UBS's takeover of Credit Suisse has seen it re-enter the top 10 investment banks by fees.

20.06 / 07:25

Landmark UBS UBS faces millions in penalties over Credit Suisse’s $5.5bn Archegos debacle

Credit Suisse’s relationship with family office Archegos Capital is set to hit UBS following investigations by UK, Swiss and US regulators.

19.06 / 13:19

Art Adoption NFT Web3 Artists Future Slow Food: Kenny Schachter reflects on blockchain art’s past, present and future

With crypto in a state of turbulent flux, a demographic of nonfungible token (NFT) detractors in the fine art world might feel trigger-happy to, at last, declare the industry down for the count.

19.06 / 12:27

UBS UBS names Credit Suisse board member Mirko Bianchi as treasurer

UBS has tapped a former Credit Suisse board member to be its group treasurer as the newly-merged Swiss bank sets out its senior leadership team.

16.06 / 20:21

UPS Citi Binance regulation coinbase Gemini Is the US's Crypto Crackdown a Blessing in Disguise for Other Nations?

The regulatory crackdown on crypto in the US could prove to be just what is needed for the industry to thrive elsewhere, a recent Wall Street Journal article has indicated.

16.06 / 11:05

Swiss exits Barclays hires Credit Suisse duo Shakhmin and Ludwig in latest exits from Swiss bank

Barclays has hired two senior Credit Suisse dealmakers in the latest example of rivals taking advantage of the troubles at the Swiss bank.

16.06 / 05:48

Tether USDT Asia Bitcoin ‘If You’re Selling BTC for Something, Sell it for Gold Instead of USD’, Says Tether CTO Paolo Ardoino

In an insightful conversation with Cryptonews, Paolo Ardoino, the CTO of both Tether and Bitfinex, shed light on crucial topics relating to the crypto world.

16.06 / 04:45

Blockchain defi Payments Digital Asset Digital Asset Management FinTech Deal Prime Trust subsidiary Banq files for bankruptcy amid BitGo acquisition deal

The payments subsidiary of crypto custodian Prime Trust, Banq, filed for bankruptcy protection in the United States on June 13, court documents show..

14.06 / 04:10

UBS Bank of China Bank of China Uses Ethereum Blockchain for $28 Million Digital Structured Notes – Crypto Adoption on the Rise?

Bank of China's investment arm BOCI has utilized the Ethereum blockchain network to issue $28 million worth of digital structured notes.

14.06 / 00:47

BTC Binance SEC CEO Fighting coinbase Bitcoin regulatory Blockstream CEO Adam Back: Bitcoin's Antifragility Will Prevail Amid Regulatory Pressures

Despite the US Securities and Exchange Commission (SEC)’s crackdown against the biggest companies in crypto, one Bitcoin diehard isn't breaking a sweat.

13.06 / 07:37

Takeover GAM CFO departs ahead of Liontrust takeover

The chief financial officer of embattled Swiss fund manager GAM Sally Orton is leaving the firm as it attempts to finalise its takeover by Liontrust.

12.06 / 19:27

business Blockchain Tokens Bank of China issues $28M in digital structured notes on Ethereum blockchain

On June 12, Bank of China's investment bank subsidiary BOCI announced the issuance of 200 million Chinese Yuan ($28 million) worth of digital structured notes minted on the Ethereum blockchain. The move makes the BOCI the first Chinese financial institution to issue a tokenized security in Hong Kong. Investment banking company UBS helped originate the product for placement to its client in the Asia-Pacific region. Ying Wang, the deputy CEO of BOCI, commented:

12.06 / 19:27

markets business Investments Trading Digital Asset Bitcoin Crypto fund outflows reach $417M over 8 weeks as investor caution persists

On June 12, European cryptocurrency investment firm CoinShares published its latest weekly “Digital Asset Fund Flows Report,” revealing that cryptocurrency investment products experienced outflows of $88 million last week. The substantial drawdown added to the ongoing eight-week streak of outflows, which now total $417 million. Analysts at CoinShares have attributed this ongoing trend to monetary policy considerations, as interest rate hikes show no signs of slowing down, prompting investors to remain cautious.

12.06 / 15:57

Cardano SEC solana Polygon FTX Defying SEC: Solana, Cardano, and Polygon Disagree with 'Security' Label

In an ongoing battle against the Securities and Exchange Commission (SEC), Solana, Cardano, and Polygon have united forces to challenge the classification of their cryptocurrencies as securities.

12.06 / 07:35

Landmark UBS Takeover Seal UBS and Credit Suisse seal landmark takeover

UBS's takeover of Credit Suisse has officially closed, sealing the biggest banking deal since the financial crisis.

12.06 / 05:21

UBS Takeover UBS says it has completed the takeover of stricken rival Credit Suisse

In this article

09.06 / 14:19

UPS UBS Takeover Why some Credit Suisse bondholders are set to reap benefits from UBS takeover despite AT1 wipeout

Credit Suisse's AT1 bondholders were wiped out in its shotgun marriage to rival UBS, but other investors who held more senior debt are set to receive an unexpected boon as the two banks close in on their merger.

09.06 / 08:51

UPS Provident UBS Swiss Deal UBS agrees $10bn deal with Swiss government to backstop Credit Suisse losses

UBS has struck a deal with the Swiss government to protect it from billions in potential losses when it acquires Credit Suisse.

09.06 / 08:19

UPS Maxim UBS CHF Swiss Takeover UBS and the Swiss government sign loss protection agreement over Credit Suisse takeover

In this article

08.06 / 22:53

business wallet BitGo Crypto custodian BitGo signals intent to acquire Prime Trust

Wallet infrastructure provider and digital asset custodian BitGo have signed a non-binding letter of intent to acquire fintech infrastructure provider Prime Trust, according to an announcement on June 8.

08.06 / 14:59

Legal Terraform Labs Korean Prosecutors Target Terra Founder Do Kwon's Crypto Assets Amid Multi-Country Legal Issues

Korean prosecutors are targeting the cryptocurrency assets of Do Kwon, the founder of failed blockchain project Terra.

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