Switzerland - page 2

News

Ripple Buys Crypto Custody Firm Metaco for $250 Million

The crypto company Ripple has acquired the Swiss provider of digital asset storage services Metaco.

Finance & Economics

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.

Finance & Economics

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.

News

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.

Events

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 […]

Finance & Economics

Credit Suisse Reveals Scale of Bank’s Bankruptcy

Credit Suisse has revealed the extent of the bankruptcy of this financial institution.

News

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.

News

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

Finance & Economics

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.

Blockchain & Crypto

SEBA Bank Introduces New Crypto Service

Swiss digital assets service provider SEBA Bank introduces a suite of crypto banking offers for various client types

Finance & Economics

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.

News

Swiss National Bank Post $143 Billion Loss in 2022

In 2022, the Swiss National Bank recorded losses of $ 143 billion.

News

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.

Finance & Economics

UBS Enables Remote ID Verification with NFC and Biometrics

Swiss customers can now open a bank account using their mobile phones and biometric passports

Finance & Economics

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

Finance & Economics

Top 10 unicorn startups to watch out for in 2022

There are over 1000 private companies with valuations exceeding 1 billion USD. The unicorn club is getting a new member or two every day. 1. Scandit (Switzerland) Founded: 2009 Became a unicorn: 9 February 2022 Zürich-based smart data capture firm Scandit has seen ARR numbers more than double since May 2020. During the pandemic, Scandit […]