French cryptocurrency wallet company Ledger recently experienced a cyber attack in which its Connect Kit was compromised. The attackers injected a drainer code into the kit, allowing them to drain wallets connected to decentralized applications (dApps). Ledger took immediate action to contain the attack and enhance its security measures, including partnering with Tether to freeze […]
A recent article raises questions about the actions of the Swiss Financial Market Supervisory Authority (FINMA) in relation to the Credit Suisse (CS) bank. The article suggests that the Swiss government may have favored UBS as a potential buyer for CS, leading to certain decisions being made.The article highlights the issue of Too Big To […]
Safe, Sygnum, and CoinCover have joined forces to launch Safe{RecoveryHub}, a platform that offers a range of recovery options for digital asset holders. With over 900K ETH (worth approximately $1.92 billion) inaccessible to users due to forgotten keys, the need for recovery solutions is evident. Safe{RecoveryHub} aims to address this issue by providing a marketplace […]
Smart wallet infrastructure leader Safe has partnered with digital asset banking group Sygnum and recovery service provider CoinCover to introduce Safe RecoveryHub. This platform aims to address the challenge of inaccessible digital assets, which is estimated to be over 900K ETH (valued at $1.92 billion) due to forgotten keys.Safe RecoveryHub offers various recovery options, including […]
UBS, the Swiss banking giant, is aiming to establish itself as a major player in the American investment banking market, but it acknowledges that it will always play second fiddle to the Wall Street giants. Despite its ambitions to break new ground in investment banking, UBS remains primarily focused on asset management, with CEO Sergio […]
UBS is set to cut around two-thirds of Credit Suisse’s investment banking jobs, with the latest casualties being in Spain. According to Bloomberg, UBS plans to eliminate all 147 jobs at Credit Suisse’s investment banking operations in Spain. The cuts will affect investment bankers as well as back- and middle-office staff in Wealth Management.However, UBS […]
The Zürcher Kantonalbank (ZKB) has announced changes to its pricing structure for personal accounts and banking packages. Starting from 2024, the bank will no longer charge annual fees for personal accounts and debit cards for private customers. This move is aimed at providing more affordable banking options for customers.However, it is important to note that […]
Sergio Ermotti, the former CEO of UBS, has returned to the Swiss banking giant to oversee its acquisition of struggling rival Credit Suisse. The merger, aimed at preventing a global banking crisis, is a high-stakes undertaking with potential risks such as IT system migrations and cultural differences. However, banking analysts and investors are optimistic about […]
2024 is set to be a crucial year for the takeover of Credit Suisse by UBS, as the two banks merge operations across more than 50 countries. UBS CEO Sergio Ermotti highlighted the migration of IT systems as the biggest risk to the merger. To mitigate this risk, UBS plans to move the majority of […]
Stablecoin issuer Circle has announced that it has received conditional registration under France’s cryptocurrency laws. This marks a significant regulatory stride for the company as it aims to comply with the EU’s Markets in Crypto-Assets (MiCA) regime. Circle’s Chief Strategy Officer and Head of Global Policy, Dante Disparte, highlighted France’s clear rules for responsible innovation […]
