UBS to Complete Credit Suisse Takeover by June 12
UBS expects to finalize its takeover of Credit Suisse as early as June 12, emerging from this rescue deal as a giant Swiss bank with a balance sheet of $1.6 trillion
Switzerland
Ripple Buys Crypto Custody Firm Metaco for $250 Million
The crypto company Ripple has acquired the Swiss provider of digital asset storage services Metaco.
UBS Sees $35 Billion Gain on Credit Suisse
UBS Group AG expects to make a profit of about $34.8 billion following the emergency takeover of Credit Suisse Group AG.
Asia Investors Sue Switzerland Over Bank Collapse
Asian investors have joined international lawsuits against the Swiss government in connection with its actions to take over Credit Suisse bank.
SNB Chief Wants Tougher Regulations After Credit Suisse Crisis
Thomas Jordan, President of the Swiss National Bank, is convinced that the crisis at Credit Suisse Group AG is evidence of the need to change the rules of regulation to apply the norm on the obligation of financial institutions to have a sufficient amount of available assets at any time.
Lugano Business Forum in Support of Ukrainian Business
The two-day event organized by the Ukrainian-Swiss business association will gather about 500 industry leaders, innovators, investors and government officials from all over Europe On May 11-12, the Lugano Business Forum (LBF) will be held in Lugano, Switzerland — a meeting of business communities from Ukraine and several European countries to exchange experience and establish […]
Credit Suisse Reveals Scale of Bank’s Bankruptcy
Credit Suisse has revealed the extent of the bankruptcy of this financial institution.
Private Banking Startup Kashet Raises £5.4 Million
Kashet startup, whose offices are located in the UK and Switzerland, came out of hiding after raising £5.4 million in investment funds following the results of an entry-level funding round.
Swiss Bankers Association Considers Joint Deposit Token
The Swiss Bankers Association released a white paper suggesting the digitalisation of the Swiss financial system requires a Swiss franc joint deposit token
Credit Suisse to Borrow Up to $54bn from Swiss Central Bank
Credit Suisse has announced plans to take out a loan of up to 50 billion francs ($54 billion) from the Swiss central bank to strengthen its finances.
SEBA Bank Introduces New Crypto Service
Swiss digital assets service provider SEBA Bank introduces a suite of crypto banking offers for various client types
Swiss Bank Cité Gestion Becomes First Private Bank to Tokenize Its Own Shares
The private bank has partnered with digital assets platform Taurus to issue and manage its tokenized shares.
Swiss National Bank Post $143 Billion Loss in 2022
In 2022, the Swiss National Bank recorded losses of $ 143 billion.
Duck Creek Technologies to Acquire Swiss Payment Platform
Duck Creek Technologies has announced an agreement to acquire Imburse Payments, a modern payment platform in Switzerland.
UBS Enables Remote ID Verification with NFC and Biometrics
Swiss customers can now open a bank account using their mobile phones and biometric passports
BIS to Test Cross-Border CBDCs Using DeFi Protocols with Three Central Banks
Project Mariana studies automated market makers (AMM) for the cross-border exchange of theoretical Swiss franc, euro and Singapore dollar wholesale CBDCs
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