The UBS, a Swiss bank, aims to establish a stronger presence in the US investment banking sector, but it currently plays second fiddle to Wall Street giants. Despite its ambitions, the UBS acknowledges that it will likely remain behind the market leaders in the near future. The bank has taken steps to expand its investment […]
The Swiss Financial Market Supervisory Authority (FINMA) has released its report on the Credit Suisse crisis, calling for more sanctioning powers, stricter regulatory standards, and the ability to impose additional capital requirements.In its report on the collapse of Credit Suisse in March 2023, FINMA assesses the events at the bank and the strategic errors that […]
Derivatives specialist Leonteq has acquired a 10% stake in Swiss stock exchange BX Swiss, paying a “single-digit million amount” for the shares. The investment will allow BX Swiss to benefit from Leonteq’s investment solutions ecosystem, facilitating collaboration with actors in the Swiss financial sector. In return, Leonteq will gain access to the ecosystem of Börse […]
A recent report has shed light on the handling of the Credit Suisse (CS) crisis by the Swiss Financial Market Supervisory Authority (FINMA). The report, titled “Lessons Learned from the CS Crisis,” spans 89 pages and aims to absolve FINMA of any blame in the downfall of the country’s second-largest financial institution.However, the report’s claims […]
Cevian Capital, a well-known Swedish investment firm, has become a major shareholder in UBS, one of the largest banks in Switzerland. The firm has invested 1.2 billion euros in UBS stocks, acquiring approximately 1.3 percent of the bank’s outstanding capital. The investment will be held by Cevian Capital’s various funds.Cevian Capital has high hopes for […]
The long-time president of the Swiss National Bank, Thomas Jordan, reportedly wanted to intervene at Credit Suisse much earlier than previously known. However, his concerns were not heeded. Months before the emergency takeover by UBS in March of last year, Jordan wanted to inject 50 billion Swiss francs of liquidity into the country’s second-largest bank […]
UK Treasury has introduced Digital Securities Sandbox (DSS) regulations to create a controlled environment for testing new technology in financial markets. The rules allow the Treasury to modify or apply new legislative requirements, while the Bank of England and Financial Conduct Authority can run and supervise a sandbox with granted powers. The regulations aim to […]
Revolut, a leading fintech platform, will temporarily suspend certain cryptocurrency services for its UK business customers starting January 3, 2024. This decision is in response to the Financial Conduct Authority’s (FCA) crackdown on cryptocurrency advertising and the upcoming enforcement of new regulations on January 8.The suspension will only affect Revolut’s UK business clients, while other […]
Neobank Revolut will temporarily suspend cryptocurrency purchases on its business platform in the UK starting from the new year. The decision comes as the company aims to comply with new regulations set by the Financial Conduct Authority (FCA) regarding the promotion of cryptocurrencies. While purchasing will be halted, customers will still be able to hold […]
Revolut, a fintech firm, has announced that it will temporarily suspend its cryptocurrency trading services for business clients in the UK. This decision comes in response to upcoming regulatory changes by the Financial Conduct Authority (FCA) in early 2024. According to internal communications, starting from January 3, 2024, UK business customers will no longer be […]
