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Swiss Regulator: Switzerland Faced a Bank Run if Credit Suisse Was Allowed to Go Bankrupt

Swiss regulator FINMA said Wednesday that allowing embattled lender Credit Suisse to file for bankruptcy could have resulted in deposit runs at other banks in Switzerland. FINMA and the Swiss National Bank brokered UBS’ takeover of Credit Suisse for 3 billion Swiss francs ($3.3 billion) in a deal announced on March 19. "The Hash" panel discusses the larger implications for the Swiss banking system.

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Finance

Швейцарський урядовий банк PostFinance пропонує клієнтам Крипто

Завдяки партнерству зі швейцарським Sygnum Bank PostFinance почне пропонувати своїм 2,5 мільйонам клієнтів доступ до купівлі, зберігання та продажу Bitcoin і ефіру.

Switzerland flag (Stephen Leonardi/Unsplash)

Videos

How Credit Suisse Developments are Impacting the Crypto Market

Credit Suisse has agreed to a $53 billion loan from the Swiss National Bank, after shares of Switzerland's second-largest lender hit a fresh record low on Wednesday. "First Mover" hosts Christine Lee and Lawrence Lewitinn discuss how recent banking jitters are impacting the cryptocurrency market.

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'Sharks in the Water' Linger Amid Recent Banking Sector Jitters: Former FDIC Regulator

Credit Suisse has agreed to a $53 billion loan from the Swiss central ban, after shares of Switzerland's second-largest lender hit a fresh record low on Wednesday. "What you're seeing are sharks in the water and a lot of short-selling of bank stocks," said Jason Brett, Key Bridge Advisors Managing Director and former U.S. Regulator at the FDIC. "It might put SEC Chair Gary Gensler in the center stage very soon."

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Prospective Signature Bank Buyers Must Promise to Give Up All Crypto Business: Report

Signature Bank is on the market after being shuttered by state regulators on Sunday, but any potential buyer reportedly has to agree to a major caveat: no crypto. Jason Brett, Key Bridge Advisors Managing Director and former U.S. Regulator at the FDIC, shares insights into the recent banking jitters and its impact on the crypto industry. Plus, his outlook for Credit Suisse after Switzerland's second-biggest lender saw its worst day on record, with shares falling over 20%.

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Finance

Банківська криза в США, ймовірно, виштовхне Крипто в офшори

Швейцарія, Ліхтенштейн та острівні юрисдикції є одними з потенційних благодійників цієї тенденції.

Author and investor Tatiana Koffman is just one among many who have turned to bitcoin amid a plague of bank runs – possibly the beginning of what she has described as the "Great Reset." (K8/Unsplash)

Finance

Постачальник інфраструктури цифрових активів Taurus залучає 65 мільйонів доларів від Credit Suisse, Deutsche Bank

Швейцарська фірма планує використати кошти, щоб найняти нових співробітників і розширити роботу в Європі та ОАЕ.

(Ajithkumar M/Pixabay)

Videos

Bitcoin Suisse Chair on EU Parliament’s Restrictions on Banks’ Crypto Holdings

The European Parliament's Economic and Monetary Affairs Committee voted to impose strict restrictions on banks seeking to hold crypto. Luzius Meisser, Chair of Switzerland's largest crypto broker Bitcoin Suisse, discusses E.U. Parliament's reaction to the contagion and its impact on the crypto market.

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Money Reimagined: How Money, Nature and AI Can Interact

Michael Casey, at the 2023 World Economic Forum in Davos, Switzerland, speaks with the founder and chief strategy director at Hub Culture, Stan Stalnaker. The discussion delves into how new technologies such as AI can help design and build green economies in all social systems. Plus, Hub Culture’s new emergent intelligence project Zeke.ai.

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Finance

Швейцарський банк Cité Gestion став першим приватним банком, який токенізував власні акції

Приватний банк співпрацює з фірмою цифрових активів Taurus для випуску своїх токенізованих акцій і управління ними.

(Shubham Dhage/Unsplash)