Switzerland Financial News

30.03 / 03:55

UPS MET CEO Apple NVIDIA China's Premier Li Qiang seeks to rally Asia behind Beijing

BO'AO, China — Chinese Premier Li Qiang sought to rally Asian countries behind China in his first public address to an international audience as premier.

29.03 / 11:33

Provident UBS Morningstar Credit Suisse funds bled $3bn around UBS merger

Credit Suisse-branded investment funds suffered net outflows of $3bn in the days surrounding its shotgun wedding with Paradeplatz rival UBS, showing the extent to which the market was rattled over the future of its bank parent.

29.03 / 11:29

Provident Platform BIS Innovation Hub opens in Paris and Frankfurt

The Hub will be staffed by a multi-disciplinary team working with central banks across the region to investigate some of the most pressing technology challenges facing the international financial system Four distinct projects have been defined for the Hub's input:

29.03 / 11:19

UPS Man CEO Fallout UBS reputation 'Call of duty': With Sergio Ermotti, Switzerland gets a cost-cutting local to restore its reputation

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29.03 / 11:03

UBS Sergio Ermotti faces another battle to overhaul Credit Suisse’s investment bank

Sergio Ermotti says his return to UBS is a “call of duty”.

29.03 / 10:19

BTC Adoption Binance CEO Mobile Bitcoin Parisians Can Pay Crypto to Charge Phones at Burger King – Is Crypto Adoption on the Rise?

Crypto adoption is increasing in France with Paris branches of Burger King set to install crypto-powered machines that charge the batteries of customers’ phones and mobile devices.

29.03 / 04:39

business Kraken advertisement F1 Deal Back on track: Kraken inks F1 crypto sponsorship deal with Williams Racing

Formula 1 teams could be warming to crypto advertising again despite a crypto sponsorship exodus in the wake of last year's high-profile meltdowns.

29.03 / 00:11

UBS Deal UBS to gain $8bn fossil fuel exposure from Credit Suisse deal as activists warn of ‘climate nightmare’

Swiss regulators are being urged to tighten rules on fossil fuels after Credit Suisse and UBS's tie-up, as analysts warn the deal is a “climate nightmare”.

28.03 / 14:11

UPS Bank of America shakes up leadership in Germany and Switzerland

Bank of America has shaken up the senior leadership team of its operations in Switzerland and Germany after the retirement of Manuel Ebner, who is stepping down after 13 years.

28.03 / 13:39

Technology regulation Investments Banks Bitcoin Bitcoin Price Adoption and nerves — Crypto pumps amid banking crisis

On March 19, the United States Federal Reserve announced that it had entered a joint program with several major central banks — including the European Central Bank, the Bank of Canada, the Bank of England, the Bank of Japan and the Swiss National Bank — to support U.S. dollar cash flow and alleviate strains in global funding markets.

28.03 / 13:09

Provident Booking Citizens UBS SVB testing 'Be very vigilant': Bank of England chief says the market is testing banks to identify weakness

LONDON — Bank of England Governor Andrew Bailey on Tuesday vowed to be «very vigilant» amid ongoing volatility and suggested that the market is «testing out» banks to find weaknesses.

28.03 / 06:27

COST Citi Target UBS SVB analysts NOT This is not another banking crisis, analysts say — it's 'sentiment contagion' instead

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27.03 / 14:31

business Europe European Union Banks UBS Credit Suisse UBS’s acquisition of Credit Suisse brings some good and bad for crypto

On Sunday, March 19, the 167-year history of banking giant Credit Suisse ended with a takeover by the largest Swiss bank, UBS. Under pressure from the Swiss government, UBS took over its ailing competitor for 3 billion Swiss francs ($3.25 billion) — less than half the $8 billion market value of Credit Suisse just two days before, on Friday, March 17.

27.03 / 12:33

Fighting UBS Reserve Federal Reserve Faces Tough Decision on Rate Increase

Federal Reserve Chair Jerome Powell and his colleagues this week face one of their toughest calls in years: whether to raise interest rates again to fight stubbornly high inflation or take a timeout amid the most intense banking crisis since 2008.

27.03 / 09:33

CEO UBS National Saudi National Bank chair resigns just days after Credit Suisse comments sparked sell-off

Saudi National Bank Chairman Ammar al-Khudairy resigned his post on Monday, days after his comments exacerbated the share collapse of troubled bank Credit Suisse.

27.03 / 05:49

UPS Twitter FIVE Digital UBS 'The first bank crisis of the Twitter generation': The pressure on banks is very different to 2008

LONDON — Turbulence across the banking sector has prompted the question of whether we are teetering on the edge of another financial crash, 2008-style. But a banking crisis today would look very different to 15 years ago thanks to social media, online banking, and huge shifts in regulation.

26.03 / 09:39

Fighting UBS Reserve Federal Reserve Faces Tough Decision on Rate Increase

25.03 / 22:51

UPS JPMorgan Citigroup Chase SVB PacWest Financial Deposit drain from smaller banks into financial giants like JPMorgan Chase has slowed, sources say

The surge of deposits moving from smaller banks to big institutions including JPMorgan Chase and Wells Fargo amid fears over the stability of regional lenders has slowed to a trickle in recent days, CNBC has learned.

25.03 / 20:55

Citi UBS Trading Places: Credit Suisse departures start, Linklaters poaches from Latham, Citi’s shakeup

Credit Suisse's head of compliance for its UK and European investment bank is set to depart during a critical period for the Swiss lender as it prepares to complete its takeover by rival UBS. Mark Taylor, a financial crime specialist who joined Credit Suisse from Goldman Sachs in 2018, will leave the Swiss bank by June.

25.03 / 19:37

Fighting UBS Reserve Federal Reserve Faces Tough Decision on Rate Increase

24.03 / 22:17

business Europe Banks Deutsche Bank Weekend European banks head into another weekend of uncertainty as default risks surge

European banks are going into the weekend with renewed fears surrounding their future, as shares of Deutsche Bank plunged over 7% on the New York Stock Exchange on March 24, after a down day on Frankfurt's markets.

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