Swiss Finance Minister Karin Keller-Sutter said that the purchase of Credit Suisse by the UBS Group was a less risky step, noting the need for the government of this country to take measures capable of providing a high level of protection to taxpayers in the event of a crisis in the banking sector.
UBS Chairman Colm Kelleher said that next year will be one of the most difficult in the takeover process of Credit Suisse by the mentioned financial institution.
UBS has faced significant losses in the first full quarter since the acquisition of Credit Suisse, a lender that competed with this bank and was on the verge of collapse, was completed.
The Swiss National Bank on Monday, July 31, reported that following the results of the second quarter, this financial institution recorded a loss of 13.2 billion Swiss francs ($15.14 billion).
Swiss fintech startup Numarics announced the raising of investment funds for 10 million euros following the results of the initial round of financing.
The central bank of Switzerland intends to issue a wholesale digital currency.
UBS expects to finalize its takeover of Credit Suisse as early as June 12, emerging from this rescue deal as a giant Swiss bank with a balance sheet of $1.6 trillion
The crypto company Ripple has acquired the Swiss provider of digital asset storage services Metaco.
UBS Group AG expects to make a profit of about $34.8 billion following the emergency takeover of Credit Suisse Group AG.
Asian investors have joined international lawsuits against the Swiss government in connection with its actions to take over Credit Suisse bank.
Thomas Jordan, President of the Swiss National Bank, is convinced that the crisis at Credit Suisse Group AG is evidence of the need to change the rules of regulation to apply the norm on the obligation of financial institutions to have a sufficient amount of available assets at any time.
The two-day event organized by the Ukrainian-Swiss business association will gather about 500 industry leaders, innovators, investors and government officials from all over Europe On May 11-12, the Lugano Business Forum (LBF) will be held in Lugano, Switzerland — a meeting of business communities from Ukraine and several European countries to exchange experience and establish […]
Credit Suisse has revealed the extent of the bankruptcy of this financial institution.
Kashet startup, whose offices are located in the UK and Switzerland, came out of hiding after raising £5.4 million in investment funds following the results of an entry-level funding round.
The Swiss Bankers Association released a white paper suggesting the digitalisation of the Swiss financial system requires a Swiss franc joint deposit token
Credit Suisse has announced plans to take out a loan of up to 50 billion francs ($54 billion) from the Swiss central bank to strengthen its finances.
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