Switzerland Financial News

24.03 / 19:53

Terra Usd Terraform Labs Terra Luna Terraform Labs Founder Do Kwon Faces Fraud Charges in New York Following Arrest in Montenegro

Terraform Labs founder and crypto fugitive Do Kwon has been charged with eight counts of fraud in New York after his arrest in Montenegro.

24.03 / 18:39

COST UPS Target Booking JPMorgan SVB analysts NOT Deutsche Bank is not the next Credit Suisse, analysts say as panic spreads

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24.03 / 15:57

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.

24.03 / 15:09

UPS UBS analysts Deal UBS’ investment bank could slump to $2bn loss after Credit Suisse deal, Jefferies’ analysts predict

UBS's investment bank could lose CHF1.8bn ($2bn) over the next two years as it swallows up Swiss rival Credit Suisse after an emergency tie-up pushed through by the Swiss government.

24.03 / 12:55

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.

24.03 / 09:29

UPS Provident CEO Action UBS SVB Swiss The Swiss claim the U.S. banking crisis ultimately toppled Credit Suisse. But are they right?

Following Credit Suisse's «emergency rescue» by rival UBS, Swiss authorities placed a heavy emphasis on the role of U.S. regional banking collapses in pushing the stricken Swiss lender to the brink.

23.03 / 22:03

business Banks Middle east Sygnum sees increased crypto firm inquiries after US banking giants collapse

Zurich-based digital asset bank Sygnum is seeing an influx in inquiries from international crypto firms looking for new banking partners following the recent collapses of crypto-friendly banking giants in the United States.

23.03 / 19:35

UBS The winners and losers from UBS and Credit Suisse’s investment bank tie-up

Credit Suisse dealmakers are bracing for deep cuts after its emergency sale to Swiss rival UBS for $3.2bn.

23.03 / 17:25

compliance Credit Suisse’s European investment bank compliance chief to depart

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.

23.03 / 16:13

Government Law regulation us government Bitcoin reform Crypto reform coming to US in 2023, says former White House chief of staff

In the United States, crypto reform legislation isn’t the province of a single political party, and that’s why a former U.S. Congressman, who also played a prominent role in the Trump administration, believes that passage of a federal “digital assets” law this year is a real possibility.

23.03 / 13:17

Swiss end Swiss Central Bank Lifts Key Rate, Declares End to Bank Crisis

Switzerland’s central bank raised its key interest rate Thursday and said the country’s bank crisis had ended, the latest sign that policy makers are determined to press down on inflation despite strains in the banking system.

23.03 / 11:41

Provident UBS Swiss Deal Swiss regulator defends AT1 bond writedown in Credit Suisse-UBS deal

Swiss market regulator Finma has issued an explanation for its decision to wipe out $17bn in Credit Suisse AT1 bonds as part of the UBS rescue deal.

23.03 / 11:21

UPS UBS It Wasn’t Just Credit Suisse. Switzerland Itself Needed Rescuing.

ZURICH—The chairman of Switzerland’s largest bank received an urgent call last week. On the other end were three top Swiss officials who delivered an ultimatum dressed up as a proposal. UBS Group AG needed to rescue its failing rival, Credit Suisse Group AG.

23.03 / 11:01

Aware UBS SVB lawmakers U.S. regulators European lawmakers are quietly miffed at U.S. regulators over SVB's collapse

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23.03 / 10:39

UPS UBS Swiss Lawyers Lawyers eye claims against Swiss government after Credit Suisse bonds writedown

Lawyers are scrutinising statements made by Switzerland's financial regulator in the days leading up to the hastened merger between UBS and Credit Suisse, exploring whether investors could sue the country's government after $17bn worth of the bank's bonds were wiped out.

23.03 / 10:11

MET UBS Swiss Swiss regulator says central bank loan to Credit Suisse justified AT1 bond writedown

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23.03 / 03:13

JPMorgan BlackRock UBS Deal UBS Asset Management faces ‘thorny legacy issues’ and culture headaches after Credit Suisse deal

Asset management M&A is complicated at the best of times. Last weekend’s shotgun wedding between UBS and Credit Suisse is no exception.

23.03 / 03:13

Swiss Deal reputation UBS-Credit Suisse deal dents Swiss banking’s reputation, hedge funds say

Hedge fund managers see UBS’ rescue deal for rival Credit Suisse as a dent in Switzerland’s reputation as a banking hub.

23.03 / 01:19

Fighting UBS Reserve Federal Reserve Faces Tough Decision on Rate Increase

22.03 / 19:51

Blockchain Tether USDT Gaming Asia Lightning Network Bitcoin acquires Today in Crypto: Chainlink Labs Partners with PwC Germany, Bitget Acquires BitKeep, Bitzlato Allows Users to Withdraw up to 50% of Assets, BANXA Joins Hands with BitMart

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

22.03 / 19:15

Strategy Deal Credit Suisse bankers fume over stalled CS First Boston deal: ‘It was a glimmer of hope’

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.

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