The Zuger Kantonalbank, a Swiss bank, has announced that it is now offering its customers the ability to buy, trade, and securely store the most popular cryptocurrencies within a fully regulated banking environment. This makes it the first cantonal bank to respond to the changing market demand for digital assets. Customers can access this new […]
Matthias Geissbühler, the investment chief at Raiffeisen, leads clients through the stock market during the week. However, on Saturdays, he takes on a different role as singer-songwriter Matt, showcasing his new album to the audience. In an interview with finews.ch, Geissbühler discusses his passion for music and the parallels he sees between music and investing.The […]
Cryptocurrency exchange Bitzlato has temporarily halted Bitcoin withdrawals following the guilty plea of its former CEO and co-founder, Anatoly Legkodymov, to criminal charges in the US. Legkodymov agreed to dissolve the exchange as part of his plea deal, which also involved forfeiting $23 million in cryptocurrency.The decision to suspend Bitcoin withdrawals is said to be […]
The end of the second largest Swiss bank has generated significant interest among readers of finews.ch. Alongside the Credit Suisse, other topics also captured attention in the columns of finews.ch in 2023. The rescue of Credit Suisse and its forced sale to competitor UBS unfolded as both a tragedy and a comedy.An analysis of the […]
Bitzlato, a crypto exchange, has announced the temporary suspension of all Bitcoin withdrawals. This measure is being taken as the company prepares for upcoming legal hearings regarding its users’ assets seized in France. Despite the exchange and its assets being seized earlier this year, Bitzlato was able to partially restore access to user funds, allowing […]
Bitzlato, a Russia-linked cryptocurrency exchange, has announced a temporary suspension of certain withdrawal requests despite having its assets seized by French authorities. The company stated that this measure is necessary to prepare for upcoming court hearings regarding the seizure of user assets in France. It is unclear which transactions are classified as “special balance withdrawals” […]
UBS Group AG has made the decision to exit $5 billion in assets that it manages for wealthy clients. This move comes as the company works to sort out the parts of Credit Suisse that it does not want. During the third quarter, UBS transferred these assets from its wealth management division to its wind-down […]
Dieter Enkelmann, former CFO of Bär Bank, has taken a seat on the board of Aquila Swiss Wealth Partners, a partner of Aquila Group. This move brings attention to the Aquila Group, which has been in the spotlight due to a contentious legal case in London. Enkelmann’s involvement with Aquila Swiss Wealth Partners raises questions […]
Western banks have been cutting tens of thousands of jobs this year, with Swiss bank UBS leading the way. According to calculations by the British newspaper “Financial Times,” European and American banks have eliminated more than 60,000 positions in 2023. This is a significant number, comparable to the aftermath of the 2008 financial crisis, and […]
A new startup called Quantarea has recently launched in Stettlen, Switzerland, with the aim of offering “Quant as a Service” to the country’s financial industry. The company, founded last summer, is based in the former paper and cardboard factory in Bernapark. Led by a team of experienced individuals from the Swiss finance scene, including former […]
