Sygnum, the global digital asset group, has formed a new partnership with over 20 banks, offering a third of the population of Switzerland its regulated crypto services. Switzerland: Sygnum and 20 other banks together to offer crypto services The B2B banking platform of Sygnum Bank has announced that it has formed a new partnership with...
Tag: bank
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Swiss financial regulator closes UBS antitrust probe after Credit Suisse merger
Zurich: Switzerland‘s financial regulator, FINMA, on Wednesday said it would not further investigate UBS‘s market dominance after it rescued Credit Suisse last year. “The merger of UBS and Credit Suisse will not eliminate effective competition in any market segment,” FINMA said. The decision follows a report by the country’s competition authority, COMCO, which was sent...
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Official: the Swiss bank UBS has bought Bitcoin ETFs
Yesterday, the Swiss bank UBS presented an updated form 13F-HR to the US SEC. Inside the document all the assets owned by UBS Group AG at the end of the first quarter of the year (March 31, 2024) are listed, and among these is also the iShares Bitcoin Trust (IBIT). IBIT is the BlackRock’s ETF...
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85 Swiss branches of UBS and Credit Suisse to shut, report says
ZURICH, – UBS will close 85 branches in Switzerland of its combined operations with Credit Suisse by 2025 as part of its consolidation of its erstwhile rival, Swiss media reported on Friday. The Aargauer Zeitung said the closures would be where UBS and Credit Suisse branches stood in “immediate proximity”, and that a pilot phase...