Swiss Financial News

Credit Suisse «seriously breached its supervisory obligations» in the context of its business relationship with financier Lex Greensill and his companies, Swiss regulator FINMA concluded Tuesday.

Swiss markets regulator Finma is examining statements made by Credit Suisse chair Axel Lehmann in December relating to outflows from the bank, according to reports.

Switzerland is a “pivot point” for crypto adoption in Europe and continues to be the “center point of the next stage of institutionalization," said Dr. Dirk Klee, CEO of Bitcoin Suisse. 

Switzerland-based cryptocurrency firm 21Shares is betting on proof-of-stake (PoS) coins by launching a new crypto exchange-traded product (ETP) dedicated to staking.

While climate change has long been a recurring theme at Davos, the global leaders who attend likely will see the effects from their hotel rooms this year.

A 33-year veteran of UBS is leaving the bank, in the latest senior departure from its UK dealmaking team.

The decline of the nonfungible tokens (NFT) market doesn’t seem to be a problem for the Swiss cryptocurrency-focused bank Seba as the firm now allows its customers to store NFTs.

Despite the turbulence that broke out in the crypto market this summer, there is an important long-term marker that should be considered in any complex assessment — the combination of adoption and regulation. The latest report by EUBlockchain Observatory, named “EU Blockchain Ecosystem Developments,” tries to measure this combination within the European Union, combining the data on each and every member country from Portugal to Slovakia. 

global crypto market has recovered a bit as compared to the past week. Bitcoin has failed to hold above $20,000 level the previous week due to lack of buying activity but has traded above its psychological support this week in line with equities. It seems like the market participants are on their risk appetite to start a new quarter. Bitcoin has traded sideways most of the week as investors return to more macroeconomic cautiousness. Even though Bitcoin successfully traded above $20,000, it struggled to move above it. Its dominance in the market, however, increased to 41 per cent from 39 per cent on September 10, 2022. This indicates that the market participants are choosing Bitcoin over other assets for its comparatively stable nature.The whale accumulation and the US dollar index rising to a 20-year high are the reasons for BTC’s growth in the past few days.

Multinational fast food chain giant McDonald's now accepts Bitcoin and USDT as payment methods in the southern Swiss city of Lugano (Lugano).

Multinational fast food chain McDonald’s started to accept Bitcoin (BTC) as a payment method in the 63,000-populated city of Lugano in Italian Switzerland, which is becoming a hotspot for crypto adoption in Western Europe. 

Central bank digital currencies (CBDC) can work well with decentralized finance (DeFi), and they have a lot of potential to boost DeFi adoption, according to a Swiss central bank official.

Of all Brexit-supporters’ claims, the idea that there was a great free trade deal with the US just waiting to be signed was always one of the most fanciful.

Rothschild & Co has hired JPMorgan's head of Switzerland to lead its investment banking unit in the country.

According to Wave Financial, securing a minority stake is the first step towards a full acquisition of the company, which it hopes to complete by the end of 2022, pending regulatory approval. 

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Swiss police are investigating a fake advertising campaign that encouraged people to report their neighbours.

Swiss tennis great Roger Federer has announced his retirement.

Switzerland-based Crypto Valley Association will partner with Dubai’s Crypto Oasis to collaborate in the ongoing development of the blockchain industry in both countries.

According to Wave Financial, securing a minority stake is the first step towards a full acquisition of the company, which it hopes to complete by the end of 2022, pending regulatory approval. 

Wave Financial, a US-based investment manager overseeing $1.5bn, has acquired a stake in a Swiss crypto firm as part of an expansion into Europe's fast-growing digital assets market.