Howard Lutnik, CEO of Cantor Fitzgerald, recently shared his insights on the future of the crypto industry, highlighting Tether and Bitcoin during the CNBC Money Movers Podcast. Lutnik expressed confidence in Tether’s treasury holdings and Bitcoin’s market-driven appeal amidst a looming wave of real estate defaults.Setting the macro-economic picture, Lutnik predicted a substantial wave of […]
M2, a startup in the fintech and crypto industry, has achieved remarkable success in just over a year. Led by CEO Stefan Kimmel, who previously served as Chief Commercial Officer at Kraken MENA, the company has managed to launch multiple products and overcome various challenges.The team at M2 consists of highly experienced professionals who have […]
EFG, a Swiss bank, has made three new high-level appointments in Asia as part of its strategic efforts to expand its business in the Asia-Pacific region. The bank aims to strengthen its regional presence by hiring individuals with extensive experience in Swiss banking.Christina Wong has been appointed as Senior Client Partner based in Hong Kong. […]
Julius Bär, a Swiss private bank, is experiencing a decline in its stock value, which is causing concern among investors. The bank’s involvement in risky loans, particularly a CHF 606 million loan to a European conglomerate, has raised eyebrows. Experts believe that the stock’s continuous decline reflects the shock investors felt when they learned that […]
Experienced private bankers at Credit Suisse in Switzerland are still leaving for rival banks, despite UBS’s introduction of retention bonuses averaging CHF 100,000. The integration of the two banks last August provided clarity for Credit Suisse employees, but it hasn’t been enough to prevent front-line staff from seeking opportunities elsewhere. Recently, a team of three […]
The Swiss bank Pictet has reached a settlement with the United States, agreeing to pay $123 million to resolve a long-standing tax dispute. This comes after years of legal battles between Swiss banks and the US over allegations of aiding American clients in evading taxes. Pictet’s agreement takes into account the bank’s efforts to review […]
The Swiss major bank has acquired several advisory teams from Wall Street competitors in the US this year. Now, it is bringing in a veteran from the largest US bank. The US market is one of the most important growth markets for the Swiss bank UBS, as recently stated by CEO Sergio Ermotti. The financial […]
Gains Network has developed gTrade, a decentralized leverage trading platform that aims to address the pain points faced by traders in the crypto space. The platform offers a superior trading experience by focusing on design, speed, security, low costs, and liquidity.One of the key challenges in decentralized trading platforms is the lack of reliable platforms […]
Gains Network has developed gTrade, a decentralized leverage trading platform that aims to address the pain points faced by traders in the crypto space. The platform offers a superior trading experience by focusing on design, speed, security, low costs, and liquidity.One of the key challenges in decentralized trading platforms is the lack of reliable platforms […]
The forced takeover of Credit Suisse by UBS is progressing formally. The next organizational step after the holding company is being merged, and a timetable for the Swiss units is being outlined.The respective boards of directors of UBS and Credit Suisse have now also approved the takeover, according to a statement on Thursday. This means […]
