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Payments

Crypto's Coming Out Party: From Fringe to Familiar on the Streets of Lugano

  • A look into crypto payments' ascent.
Friday, 12/04/2024 | 16:00 GMT by Pedro Ferreira
Payments

How Fast is Too Fast? Rethinking Security Shortcuts in the Age of Instant Payments

  • Convenience or a hacker's playground?
Thursday, 28/03/2024 | 16:00 GMT by Pedro Ferreira
FinTech

Swiss Startups to Watch as Founderful Rolls Out $120 Million Fund

  • After rebranding, Founderful launches its second fund for Swiss startups.
  • Switzerland is becoming an increasingly important player in the European VC arena.
Wednesday, 14/02/2024 | 18:13 GMT by Damian Chmiel
Executives

Swiss FINMA Taps Stefan Walter, Ex-ECB Chief, as New CEO

  • Stefan Walter will assume office on April 1, 2024.
  • Last year, FINMA's CEO, Urban Angehrn, resigned from his position, citing health reasons.
Wednesday, 24/01/2024 | 12:20 GMT by Jared Kirui
Analysis

Analysis: Retail FX/CFD Investors With Record Deposits

  • Retail investors reduced withdrawing their funds in September.
  • A record value of NET deposits was registered.
Friday, 01/12/2023 | 14:38 GMT by Sylwester Majewski
CryptoCurrency

Crypto Tax Haven? Switzerland Outpaces Regulatory Competition

  • Switzerland's crypto regulation and taxation are better than the EU's MiCA laws.
  • The Swiss regulatory framework, overseen by FINMA, supports crypto exchanges.
Thursday, 30/11/2023 | 14:43 GMT by Nikolay Denisenko
FinTech

30 Swiss Banks Flunk FINMA's Money Laundering Risk Analysis Review

  • The Swiss financial watchdog found "a lack of various structural elements."
  • On Thursday, the supervisory authority published guidance on the topic.
Thursday, 24/08/2023 | 22:17 GMT by Solomon Oladipupo
CryptoCurrency

European Expansion: Zondacrypto Gains Swiss License

  • The exchange also holds licenses in Slovakia, Italy, and Lithuania.
  • It has over a million users across Europe.
Tuesday, 22/08/2023 | 07:59 GMT by Arnab Shome
Institutional FX

Swiss FINMA Licensing Surge: 950 Portfolio Managers and Trustees Get the Green Light

  • The regulator received 1,749 license applications as of June 30.
  • The licensing process involves registration, application preparation, and supervision confirmation.
Friday, 18/08/2023 | 15:53 GMT by Jared Kirui
Institutional FX

Swiss Lawmakers’ Probe of Credit Suisse Crash to Kick Off This Week: Report

  • The lawmakers formally agreed to create an investigative commission in early June.
  • Credit Suisse was a troubled banking institution before its collapse in March.
Tuesday, 11/07/2023 | 15:07 GMT by Solomon Oladipupo
Institutional FX

UBS' CEO Suggests Massive Job Cuts Loom for Credit Suisse's Investment Banking Division

  • The decision is explained by the need to reduce costs.
  • However, UBS does not provide exact figures.
Monday, 19/06/2023 | 10:33 GMT by Damian Chmiel
FinTech

Switzerland Gives $10B Loss Guarantee to UBS for Credit Suisse Takeover

  • The guarantee covers a specific portfolio of Credit Suisse worth about CHF 44 Billion.
  • The Swiss government mediated UBS' emergency acquisition of Credit Suisse in March.
Friday, 09/06/2023 | 16:20 GMT by Solomon Oladipupo
Institutional FX

Swiss Lawmakers Want to Cap UBS Assets Following Credit Suisse Takeover

  • Legislators say the huge amount of assets owned by UBS is a threat to the country.
  • The lender's assets doubled the size of Swiss GDP after the Credit Suisse acquisition.
Tuesday, 30/05/2023 | 14:29 GMT by Jared Kirui
FinTech

Switzerland Hastens Bank Liquidity Project after Credit Suisse Fiasco

  • The public liquidity backstop is targeted at systemically important Swiss banks.
  • Switzerland deployed emergency laws for liquidity to rescue Credit Suisse.
Thursday, 25/05/2023 | 17:24 GMT by Solomon Oladipupo
Institutional FX

UBS' Q1 Profit Dips 52% due to an Increased Legal Provision

  • The bank sided $665 million for litigation fees.
  • Its wealth management unit added $28 billion in new funds.
Tuesday, 25/04/2023 | 08:54 GMT by Arnab Shome
Institutional FX

Swiss Lawmakers Reject CHF 109B Guarantee to Credit Suisse

  • The voting was symbolic as it could not overturn the state's decision.
  • Lawmakers are now questioning the country's emergency laws.
Wednesday, 12/04/2023 | 08:03 GMT by Arnab Shome
Institutional FX

Swiss Prosecutors Probe UBS and Credit Suisse Merger

  • The federal prosecutors are concerned about any criminal breaches.
  • The Swiss government backed the acquisition.
Monday, 03/04/2023 | 06:59 GMT by Arnab Shome
Institutional FX

Swiss Crisis: Credit Suisse Borrows CHF 50B to Escape Liquidity Troubles

  • The bank's shares dipped around 30 percent on Wednesday.
  • Swiss authorities offered the emergency liquidity lifeline to avoid any bank crisis.
Thursday, 16/03/2023 | 06:37 GMT by Arnab Shome
Institutional FX

FINMA Concludes Proceedings in $10b 'Greensill' Case against Credit Suisse

  • The Swiss regulator investigated the lender's relationship with Lex Greensill and his funds.
  • The funds were launched in 2017 and closed four years later.
Tuesday, 28/02/2023 | 11:26 GMT by Damian Chmiel
FinTech

UBS Posts Net Profit of $7.6 Billion in 2022

  • UBS posted US$1.9 billion in profit before tax in Q4 2022.
  • Total revenue decreased YoY in three out of four UBS business divisions.
Tuesday, 31/01/2023 | 18:34 GMT by Solomon Oladipupo
FinTech

Over 1,000 Institutions Shun Swiss Regulator's License Application

  • The Swiss regulator received 1,699 FinIA license applications in 2022 and granted 670.
  • FINMA says unlicensed portfolio managers and trustees may be fined as high as CHF 250K.
Monday, 30/01/2023 | 19:29 GMT by Solomon Oladipupo
Executives

Credit Suisse Appoints Aurélien Gleyze as Head of FX Spot for EMEA

  • Gleyze served as the Director and Co-Head of Electronic Macro Trading for over two years.
  • His appointment comes at a time Credit Suisse is reducing its workforce.
Friday, 20/01/2023 | 13:31 GMT by Solomon Oladipupo
Executives

Credit Suisse’s Cathal Deasy Exits European Banking Co-Head Role

  • Giuseppe Monarchi is now the sole Head of IBCM, EMEA.
  • Credit Suisse has seen the departures of several senior executives in recent times.
Tuesday, 03/01/2023 | 15:42 GMT by Solomon Oladipupo
FinTech

Swiss Fintech Leonteq Expects Lesser Profit as Client Demands Drop

  • The firm disclosed this in a business update.
  • Leonteq expects its group net profit for 2022 in range of the prior year's CHF 155.7M.
Wednesday, 28/12/2022 | 21:26 GMT by Solomon Oladipupo
CryptoCurrency

Swiss Regulator Rejected FTX Europe's Trading License Application

  • FTX did not reveal anything officially due to the conditions of the application.
  • The Cypriot regulator suspended FTX's license earlier this month.
Monday, 21/11/2022 | 08:02 GMT by Arnab Shome
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