The Swiss government is considering the evaluation of regulations for large banks, according to Federal Councillor Karin Keller-Sutter. The Finance Minister is advocating for an open discussion on the matter. The recent report on the Credit Suisse crisis has raised questions about whether the “Plan B” for rescuing the bank would have been successful. The […]
Andréa Maechler, former director of the Swiss National Bank (SNB), surprised the financial world when she resigned in June and took on a new role as Deputy General Manager at the Bank for International Settlements (BIS) in Basel in September 2023. Maechler had been a member of the SNB Directorate since 2015, leading the III. […]
Ripple, the global payments network, has achieved a significant milestone by obtaining regulatory approval from the Central Bank of Ireland to provide crypto services in the country. This approval allows Ripple to offer digital asset services through its Irish subsidiary, Ripple Markets Ireland Limited. It also demonstrates Ripple’s commitment to regulatory compliance and its vision […]
The interest rates for mortgages have significantly decreased, but many people seem to be unaware of this change. Financial experts have noticed that it can be challenging for individuals to stay informed about the current mortgage market. Earlier this year, homeowners were concerned about high inflation and rising interest rates, which affected the demand for […]
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 […]
