Switzerland Financial News

18.11 / 03:13

UPS Digital CHF Want to own a portion of Warhol's Four Marilyns? Sign up with Sygnum

Based on a publicity photograph from her film ‘Niagara’, Warhol’s iconic Marilyn Monroe series has enjoyed long-term price appreciation. Since 2000, this series have generated 17 percent of all Warhol auction sales, despite being only 3 percent of volume, and has consistently outperformed both the Warhol and Artprice Global Indices.The return on investment of comparable works over the past 20 years has been 19.09%.The issued 5,000 tokens are available for subscription via the Sygnum e-banking portal, and trading via the company's SygnEX secondary market.

17.11 / 05:41

Dogecoin Ethereum cryptocurrency Bitcoin price today Top Cryptocurrency Prices November 17: Ether, Cardano, Binance Coin down about 3% each

Major cryptocurrencies were trading in the red early on November 17 as the global crypto market cap declined 1.21 percent to $835.92 billion over the last day. The total crypto market volume dropped 3.36 percent to $60.72 billion, over the last 24 hours.

15.11 / 11:03

Deal Credit Suisse and Apollo strike deal for securitized products group

Credit Suisse Group has entered into definitive transaction agreements to sell a large part of its securitized-products group and other financing businesses to Apollo as it seeks to derisk its investment bank and divert capital to its core businesses.

14.11 / 19:27

Target U.S. Sanctions Target Russian Military Suppliers, Alleged Money Launderers

WASHINGTON—The Treasury Department on Monday imposed sanctions on four dozen people across six countries, and companies associated with them, an effort to tighten the U.S. campaign of economic pressure on Russia.

14.11 / 03:07

Provident BIS Innovation Hub launches new prototype CBDC

The goal is for the prototype to be finished by mid-2023, and BIS states results will be relevant to both wholesale and retail CBDC.

11.11 / 20:15

Law regulation SEC CySEC requested FTX's European arm suspend operations prior to bankruptcy: Report

The Securities and Exchange Commission of Cyprus, or CySEC, reportedly issued a statement amid FTX filing for Chapter 11 bankruptcy in the United States that the regulator requested the exchange halt operations for its Europe arm.

09.11 / 19:37

Credit Suisse staff cuts hit London leveraged finance and ECM teams as swingeing layoffs start

Credit Suisse is making deep cuts to its European leveraged finance and capital markets teams as the Swiss bank began a round of layoffs in London.

08.11 / 15:21

UPS Credit Suisse plans to cut 450 frontline jobs at its European investment bank

Credit Suisse's European operations are set to bear the brunt of front-office job cuts as the Swiss bank prepares to cut around 900 jobs from its investment bank as part of a broader overhaul.

07.11 / 16:35

Blockchain Digital JPMorgan Pool defi protocols Cross-border BIS and three central banks to test cross-border CBDCs using DeFi protocols

The new project, dubbed Mariana, explores automated market makers (AMM) for the cross-border exchange of hypothetical Swiss franc, euro and Singapore dollar wholesale CBDCs. With a primary focus on the ability to settle foreign exchange trades, the project involves the Eurosystem, Singapore and Switzerland BIS Innovation Hub Centres together with the Bank of France, Monetary Authority of Singapore and Swiss National Bank.

05.11 / 18:37

UPS Deloitte Trading Places: Credit Suisse’s risk overhaul, Bonham Carter leaves Jupiter, Deloitte revamps board

Credit Suisse shook up the senior ranks of its risk management team as it embarks on a radical overhaul of its business. Nicolas Friedman is joining the Swiss bank as chief risk officer for markets and its investment banking unit from Goldman Sachs, while Craig Bricker, another Goldman executive, has been hired to take control of a new risk analytics and solutions group.

05.11 / 10:15

Ethereum us government censorship Upgrade OFAC compliance Ethereum inches even closer to total censorship due to OFAC compliance

Considering that protocol-level censorship is deterrent to the crypto ecosystem's goal of highly open and accessible finance, the community has been keeping track of Ethereum’s growing compliance with standards laid down by the Office of Foreign Assets Control (OFAC). Over the last 24 hours, the Ethereum network was found to enforce OFAC compliance on over 73% of its blocks.

04.11 / 14:43

UPS Deloitte Trading Places: Credit Suisse’s risk overhaul, Bonham Carter leaves Jupiter, Deloitte revamps board

04.11 / 01:05

Blockchain Adoption UBS bonds Digital Bond UBS AG launches digital bond settled on blockchain and traditional exchanges

Swiss investment bank UBS AG introduced its hybrid digital bond on Nov. 3, claiming to be the world's first publicly traded and settled on both blockchain-based and traditional exchanges.

03.11 / 17:53

Blockchain Binance Digital Pool Bitcoin Cross-border France, Switzerland and Singapore jointly test cross-border CBDC payments

France, Singapore and Switzerland have launched a joint trial of their experimental central bank digital currencies (CBDCs) and decentralised finance (DeFi) protocols, in the first cross-regional test of its kind.

03.11 / 12:39

UPS Credit Suisse hands out $300m in retention bonuses to keep dealmakers

Credit Suisse handed out nearly $300m in retention bonuses to dealmakers during the third quarter of 2022 — more than six times the same period last year — as the lender tries to keep hold of key talent as it spins out its investment bank.

03.11 / 03:23

Blockchain Digital JPMorgan Pool defi protocols Cross-border BIS and three central banks to test cross-border CBDCs using DeFi protocols

With a primary focus on the ability to settle foreign exchange trades, the project involves the Eurosystem, Singapore and Switzerland BIS Innovation Hub Centres together with the Bank of France, Monetary Authority of Singapore and Swiss National Bank. The aim is to deliver a proof of concept by mid-2023.Today, DeFi built on public blockchains uses smart contract protocols to automate markets for crypto and digital assets.

03.11 / 01:57

Qatar 2022: Complaints filed over 'misleading' World Cup carbon neutral claims

Climate activists said on Wednesday they had filed complaints with advertising regulators in several European countries over "misleading" claims the football World Cup in Qatar next month will be carbon neutral.

03.11 / 01:17

regulation transactions Financial Switzerland's financial regulator extends reporting requirements for crypto transactions

The Swiss Financial Market Supervisory Authority, or FINMA, has announced it will be extending an anti-money laundering ordinance which requires identity checks for reporting certain crypto transactions.

02.11 / 21:05

UPS Credit Suisse hires Goldman Sachs execs in risk management overhaul

Credit Suisse has shaken up the senior ranks of its risk management function after a Goldman Sachs executive was brought in to improve controls at the Swiss bank following a series of crises.

02.11 / 19:43

Blockchain Technology defi settlement International Bank of International Settlement will test DeFi implementation in forex CBDC markets

According to a new announcement on Wednesday, the Bank of International Settlement, or BIS, along with the central banks of France, Singapore, and Switzerland, will be embarking on a new initiative dubbed "Project Mariana" in its exploration of blockchain technology. Project Mariana intends to use decentralized finance, or DeFi, protocols to automate foreign exchange markets and settlement.

02.11 / 17:41

Tether Bitcoin Payments Plan B McDonald’s, pizza and coffee paid in Bitcoin: The Plan B for crypto payments

Over the weekend, thousands of Bitcoiners and crypto enthusiasts descended on the small, sleepy Swiss town of Lugano. More specifically, they piled onto a McDonald’s restaurant.

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