Swiss Financial News
12.04 / 17:33
regulation
Europe
FTX
Court
Bankruptcy
Swiss
Swiss court gives green light for FTX to sell its European arm
According to bankruptcy cryptocurrency exchange FTX, a court in Switzerland has approved a petition allowing the firm to potentially sell its European business.
06.04 / 07:31
Swiss
Credit Suisse executives lose millions in bonuses as Swiss government wields axe
The Swiss government slashed bonuses for top managers at Credit Suisse by tens of millions of dollars, after the lender’s implosion and $3.2bn fire sale to rival UBS.
05.04 / 09:37
05.04 / 09:15
Adoption
Swiss
Grant
Swiss Government-Owned Bank to Grant 2.5 Million Users Crypto Capabilities via New Partnership – Crypto Adoption on the Rise?
Major Swiss bank PostFinance has partnered with digital asset services provider Sygnum Bank to offer cryptocurrency trading and storage services for its customers.
05.04 / 07:55
business
Investments
Banks
Bitcoin
Swiss
Swiss state-owned bank Postfinance to offer Bitcoin trading
PostFinance, a retail bank fully owned by the Swiss government, is preparing to offer cryptocurrency trading and storage services to its customers.
03.04 / 06:11
Swiss
Takeover
Swiss prosecutors investigate UBS’s Credit Suisse takeover
Switzerland’s prosecutors are probing the government-orchestrated takeover of Credit Suisse by rival UBS.
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 / 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 / 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
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.
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.
17.03 / 10:39
COST
UPS
Lowe's
CEO
SPY
Swiss
From spying to Swiss bailout: How years of turbulence at Credit Suisse came to a head
Credit Suisse received a liquidity lifeline from the Swiss National Bank this week after its share price plunged to an all-time low, but the embattled lender's path to the brink has been a long and tumultuous one.
17.03 / 00:37
Stablecoin
Adoption
Swiss
Swiss Bankers Association proposes deposit tokens to develop digital economy
The Swiss Bankers Association released a white paper on how Swiss banks can support the development of the country’s digital economy. A Swiss franc “joint” deposit token is the solution the group settled on.
16.03 / 11:25
16.03 / 09:41
UPS
Action
Swiss
share price
Credit Suisse set to borrow up to $54bn from Swiss Central Bank after share price slump
Credit Suisse will borrow up to CHF50bn ($54bn) from the Swiss Central Bank and plans to buy back CHF3bn of its own debt in an attempt to shore up confidence after a day when its stock plunged 30%.
16.03 / 05:23
16.03 / 00:49
business
Blockchain
Credit Suisse
Swiss
National
Support
Swiss National Bank says it will support credit Suisse if necessary
The Swiss National Bank (SNB) and the Swiss Financial Market Supervisory Authority released a joint statement on March 15 on the stability of the Swiss banking system and Credit Suisse. The problems of “certain banks in the USA” do not pose a risk for the Swiss financial system, they wrote.
15.03 / 23:53
Provident
Swiss
Swiss central bank to provide Credit Suisse liquidity backstop as shares battered
The Swiss National Bank has pledged to provide Credit Suisse with liquidity "if necessary" after the bank's share price tanked on concerns over its financial health.
28.02 / 11:51
Swiss
Credit Suisse ‘seriously breached’ Greensill obligations, Swiss regulator finds
Credit Suisse committed a “serious breach of Swiss supervisory law”, according to the country's financial regulator, as it concludes a two-year probe into the bank's relationship with fallen financier Lex Greensill.
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