Switzerland Financial News

25.05 / 16:23

Ripple XRP BitStamp Ripple Purchases Bitstamp Shares as it Ponders Further M&A

US fintech firm Ripple has bought shares in the European crypto exchange Bitstamp, taking another step on its journey to expand internationally.

24.05 / 07:47

Swiss Alantra hires two senior dealmakers for Swiss investment bank

Mid-market investment bank Alantra has bolstered its Swiss investment bank with two senior dealmakers as the Madrid-headquartered firm continues to expand its team in Europe.

23.05 / 17:11

UPS Provident Lowe's Ripple XRP CEO expansion reserves XRP Price Prediction as Ripple CEO Announces Plan to Utilize $1 Billion Cash Reserves for Company Expansion

XRP, the cryptocurrency issued by US fintech firm Ripple, could see massive price gains if CEO Brad Garlinghouse’s plan to spend $1 billion on acquisitions proves successful.

23.05 / 14:49

services GAM in talks with Carne to transfer fund services business

GAM, the Swiss asset manager in the midst of a takeover by Liontrust Asset Management, is engaged in exclusive talks with Carne Group to transfer its fund administration business.

19.05 / 15:37

Blockchain Ethereum ETF Bitcoin HashKey valuation licence Today in Crypto: Bank of England to Reject Revolut's Banking Licence Application, ASX Abandons Blockchain, HashKey to Raise Funds at $1BN Valuation, Ledger Co-founder Calls Recover Service Launch a 'Horrible Mess'

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

18.05 / 21:11

Blockchain Provident Ripple XRP SEC Fighting Enterprise Swiss expansion Ripple's $250 Million Acquisition of Swiss Blockchain Firm Metaco Marks Expansion into Tokenized Assets

The American fintech Ripple has acquired the Switzerland-based blockchain firm Metaco for $250 million, marking its first entry into the asset tokenization field.

18.05 / 10:05

COST UPS Target Gap UBS rate hikes Global Debt Global debt nears record highs as rate hikes trigger 'crisis of adaptation,' top trade body says

The global debt pile grew by $8.3 trillion in the first quarter to a near-record high of $305 trillion as the global economy faced a «crisis of adaptation» to rapid monetary policy tightening by central banks, according to a closely-watched report from the Institute of International Finance.

18.05 / 03:43

regulation Europe European Union Banks Opinion Central Bank There's a growing case for allowing crypto firms to bypass banks

Within 11 days in March, four banks in the United States and one in Switzerland collapsed. First Republic Bank followed in May. Three of the four largest-ever U.S. bank failures occurred in those two months. It was a painful reminder that banks bear significant risks that can quickly spill over to other industries.

17.05 / 17:39

UPS Credit Suisse investors lose battle to insure against bond wipeout

Holders of insurance against Credit Suisse’s AT1 bonds will not receive a payout, a committee has ruled.

17.05 / 17:37

Citi Provident Digital Ripple CEO Action coinbase Swiss regulatory Ripple Buys Swiss Crypto Startup Amid US Regulatory Uncertainty

Financial technology company Ripple acquired Switzerland-based crypto custody firm Metaco as U.S. crypto firms look overseas amid a regulatory crackdown at home.

17.05 / 17:21

business Blockchain Ripple Swiss acquires Ripple acquires Swiss blockchain custody firm Metaco for $250M

On May 17, Ripple, creator of the namesake payments network and XRP token, announced it had acquired Swiss digital asset custodian and tokenization provider Metaco for $250 million. With the acquisition, Ripple says it will expand its enterprise offering to custody, issue, and settle tokenized assets. The firm's developers wrote:

17.05 / 13:45

Provident Ripple XRP SEC CEO Fighting Harmonic Ripple buys crypto custody provider Metaco

The acquisition marks Ripple's first foray into a growing institutional crypto custody market that the firm says could hit $10 trillion by 2030. Metaco's main offering, Harmonize, has been chosen by major global custodians, top-tier banks such as Societe Generale, and corporates.

17.05 / 13:03

Ethereum Adoption Market Update Celsius Bitcoin Dollar National Debt New survey says Bitcoin is safer than the US dollar — Watch The Market Report

On today’s episode of The Market Report, analyst and writer Marcel Pechman discusses if Bitcoin (BTC) is safer than the United States dollar, considering the U.S. government’s risk of defaulting on its debt. He also covers why Bitcoin’s $28,000 resistance will not be a walk in the park and, finally, what is happening between Celsius, Ethereum and Lido staking. The show airs every Tuesday on the Cointelegraph Markets & Research YouTube channel.

17.05 / 12:27

Digital Ripple XRP SEC CEO Action Fighting Swiss Crypto firm Ripple buys Swiss startup as SEC crackdown forces companies to consider overseas moves

Blockchain firm Ripple said Wednesday it has acquired Metaco, a Swiss firm that holds digital assets securely on behalf of clients, in a bid to expand its international footprint and broaden its range of services.

17.05 / 12:05

Citi Ripple XRP Ripple buys crypto custody firm Metaco for $250m

Ripple has bought Metaco, the Swiss crypto custody firm that counts Citi, BNP Paribas and Standard Chartered-backed Zodia Custody among its clients, in a $250m deal.

17.05 / 08:09

COST Booking CEO Strategy UBS Rescue UBS expects $17 billion hit from Credit Suisse rescue, flags hasty due diligence

UBS estimates a financial hit of around $17 billion from its emergency takeover of Credit Suisse, according to a regulatory filing, and said the rushed deal may have affected its due diligence.

17.05 / 06:23

COST Booking UBS Costs UBS expects $35bn gain amid $4bn hit to cover Credit Suisse acquisition costs

Swiss bank UBS said that it has set aside $4bn to cover potential legal and regulatory costs from its acquisition of Credit Suisse, and that it is expecting to record other asset write-downs.

15.05 / 15:21

Blockchain litecoin SEC Samsung G7 Bitcoin 500 Today in Crypto: Samsung Reportedly Partners with Bank of Korea on Offline CBDC Payments, G7 Discussing Crypto, China to Train 500,000 Blockchain Professionals

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

15.05 / 10:49

regulation Gold Bitcoin Dollar National Debt Bitcoin a top 3 asset in the event of US debt default: Survey

Major cryptocurrency Bitcoin (BTC) could become a top three asset in the event of a theoretical debt default in the United States, according to a new survey.

12.05 / 11:27

Fallout Financial Credit Suisse financial sponsors head Freya van Oorsouw to join Deutsche Bank

Deutsche Bank has hired Credit Suisse's head of financial sponsors in the latest senior recruit by the German lender as it takes advantage of the fallout from the Swiss bank.

10.05 / 20:07

Law CFTC regulation SEC lawmakers hearing US lawmakers US lawmakers hold EU and UK as examples of crypto regulation in joint hearing

Some members of the United States House of Representatives’ Financial Services and Agriculture Committees pointed to crypto asset frameworks being employed outside the country when discussing regulatory gaps at home.

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