Switzerland Financial News

22.03 / 16:41

business Blockchain Stablecoin Tether Circle Tether CTO on USDC depeg: ‘Bitcoin maxis were right all along’ | PBW 2023

At the Paris Blockchain Week 2023, Tether’s chief technology officer Paolo Ardoino spoke with Cointelegraph reporter Joseph Hall to discuss topics like the USD Coin (USDC) breaking its dollar peg and how it highlights the importance of Bitcoin (BTC) and decentralization.

22.03 / 13:05

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.

22.03 / 11:01

UBS reports UBS starts talks to unwind CS First Boston spinoff — reports

Swiss lender UBS is looking to unwind a deal to sell off Credit Suisse's investment bank and has entered talks with dealmaker Michael Klein, the Financial Times reports, citing unnamed sources.

21.03 / 23:53

UPS BTC Boeing UBS Bitcoin Support Bitcoin Price Prediction as Bulls Hold $27,000 Support – Can BTC Rally Again?

The BTC/USD is trading at 27,908, up by 2.50% in 24 hours. The US bank crisis fueled a weekend surge and Bitcoin momentarily reached $28,000 for the first time in nine months on Monday. However, the price dropped before the US Fed decided on interest rates.

21.03 / 20:31

Swiss Swiss government suspends deferred bonuses at Credit Suisse

Deferred bonuses at Credit Suisse have been suspended by the Swiss government in the wake of the bank’s shotgun takeover by rival UBS.

21.03 / 19:41

business banking Credit Suisse Bitcoin Why is Bitcoin rising amid collapsing banks? Watch The Market Report

This week on The Market Report, our beloved host, Joe Hall, and insightful expert, Sam Bourgi, unfortunately, could not make it, but don’t worry because Marcel Pechman is here to discuss why he thinks Bitcoin’s (BTC) price is rising amid collapsing banks.

21.03 / 19:27

UBS Rescue Deal The key dealmakers behind UBS’s rescue deal for Credit Suisse

UBS's acquisition of cross-town rival Credit Suisse at the behest of Swiss regulators for a mere $3.2bn is the most significant banking tie-up since the 2008 financial crisis.

21.03 / 18:07

CEO Action UBS Credit Suisse bondholders prepare lawsuit after contentious $17 billion writedown

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21.03 / 18:07

Action Remark Watch Treasury Secretary Janet Yellen speak live to banking conference

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21.03 / 13:55

Fighting UBS Reserve Federal Reserve Faces Tough Decision on Rate Increase

21.03 / 13:25

CEO UBS Deal reputation Financial 'A financial banana republic': UBS-Credit Suisse deal puts Switzerland's reputation on the line

The demise of banking giant Credit Suisse sent shockwaves through financial markets and appears to have dealt a blow to Switzerland's reputation for stability, with one executive suggesting investors will now look at the mountainous central European country as «a financial banana republic.»

21.03 / 02:13

Ethereum ETH BTC Ether Bitcoin network Bitcoin Network Divergent On-chain Trends Within Ethereum/Bitcoin Network Add to Reasons Why the ETH/BTC Price Might Continue Dropping

The exchange rate between Bitcoin (BTC), the world’s first and largest cryptocurrency by market capitalization, and Ether (ETH), the world’s second-largest cryptocurrency by market capitalization that powers the Ethereum blockchain, has fallen rapidly in recent weeks.

21.03 / 01:25

UBS UBS takes over crisis-stricken rival Credit Suisse for $3.25bn after government intervention

UBS has agreed to buy rival Credit Suisse in an all-share deal in the biggest merger between two systematically integral banks since the 2008 global financial crisis after the Swiss government intervened to broker a deal.

20.03 / 23:31

Provident BTC Fallout ICO UBS Bitcoin Time Bitcoin Price Prediction As BTC Approaches $30,000 Level – Can BTC Hit a New All-Time High in 2023?

Bitcoin, the world's most renowned and largest cryptocurrency, has sustained its recent upward trajectory, surging to $28,527 on Monday morning. Within the last 24 hours, BTC has risen by over 4%, and in the past week, it has gained over 28%, solidifying its status as one of the top-performing assets in the market.

20.03 / 22:33

Dogecoin XRP Cardano Banks S&P 500 Bitcoin Dollar Price analysis 3/20: SPX, DXY, BTC, ETH, BNB, XRP, ADA, MATIC, DOGE, SOL

The takeover of the ailing Credit Suisse bank by UBS boosted European equity markets on March 20 but not everyone is happy with the deal. According to Swiss regulator FINMA, the value of additional tier one (AT1) bonds will be written to zero. This move will wipe out $17 billion worth of investments for AT1 bond investors.

20.03 / 22:33

markets UBS Federal Reserve Credit Suisse Bitcoin Bitcoin Price Investors shelter in short-term Treasuries, reducing Bitcoin’s chance of rallying to $30K

The price of Bitcoin (BTC) surpassed $28,000 on March 21, but according to two derivatives metrics, traders aren't very ecstatic after a 36% gain in eight days. Looking beyond Bitcoin’s stellar performance, there are reasons why investors are not fully confident in further price upside The recent rescue of Credit Suisse, a 167-year-old leading Swiss financial institution, is proof that the current global banking crisis might not be over.

20.03 / 20:35

NFTS Metro Metaverse Best crypto to buy today NEO Play To Earn STX Best Crypto to Buy Now 20 March – LHINU, NEO, FGHT, STX, METRO, CCHG, TARO

Bitcoin experienced an increase of almost 2% earlier today as fears of an ongoing banking crisis swept the markets. This pushed the digital asset to hit its highest level in nine months at $28,569 before declining to the current level of $27,803, with a loss of 0.89% so far today.

20.03 / 20:11

Amazon UBS DELL Stocks making the biggest moves midday: First Republic, UBS, Virgin Orbit, Dell and more

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20.03 / 19:47

COST UBS Future Takeover Six things Credit Suisse is telling staff about their future after the UBS takeover

UBS's $3.2bn acquisition of Credit Suisse has thrust the future of more than 50,000 employees into doubt, as the merger looks to strip out CHF8bn in costs over the next four years — 75% of which will come from staff related expenses.

20.03 / 17:01

Provident Booking Credit Suisse short-sellers book $430m in profit

The Credit Suisse crisis has rewarded short-sellers with millions in profit as market panic left the Swiss banking giant's share price reeling.

20.03 / 17:01

UBS Takeover ‘It’s game over’: Anger and tears from shocked Credit Suisse staff after historic UBS takeover

Credit Suisse's fate is sealed, as Swiss rival UBS acquired the bank for CHF3bn ($3.2bn) in a historic deal that has shaken the financial sector. But for its 50,000 employees, many questions remain.

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