The Swiss government defended its role in bailing out Credit Suisse Group through its takeover by rival UBS, saying intervention to prevent the collapse of the country's second-biggest bank was necessary to avoid "disastrous" consequences.
"The Federal Council was forced to intervene to maintain…
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Switzerland
UBS launches offer to repurchase Credit Suisse bonds
The Swiss bank UBS announced an offer to repurchase the debt securities with maturity of 2028 and 2032 issued last Friday, just a couple of days before the agreement for the acquisition of Credit Suisse, whose aggregate amount amounts to…
ECB coordinates with central banks of the world liquidity of dollars until April
The most recent banking crisis has led the European Central Bank to coordinate a plan that guarantees dollar liquidity, for now, until the end of April.
The ECB is working with the Fed, the central banks of England, Canada and Japan, as…
UBS announces the purchase of Credit Suisse
The president of the Swiss Confederation, Alain Berset, has informed this Sunday of the purchase of the Swiss bank Credit Suisse by the UBS bank and has given an account that the Government guaranteed 100,000 million Swiss francs on…
Swiss unions ask for salary increase as inflation rises
The increase in gas and electricity prices, among the main consequences of the inflationary escalation in Europe, has led Swiss unions to request wage increases of between 4 and 5% to meet expenses.
It is no secret to anyone that the rise…
SEBA Bank launches token backed by physical gold
The digital asset banking platform SEBA Bank, fully integrated into the Swiss financial market regulatory body since 2019, launched its Golden Token.
The digital token is regulated to make investments and deliver physical gold on demand,…
Germany allocates special fund to deal with floods
Angela Merkel is visiting the areas that have been devastated by the floods in Western Europe, considered the worst of the century, leaving about 183 fatalities, dozens of disappeared and innumerable material damage in Germany and Belgium.…
BBVA in Switzerland will offer bitcoin transactions
The headquarters of the financial entity of BBVA of Switzerland launches today its first service for the purchase, sale and custody of crypto assets, starting with Bitcoin. The purpose is to open to other cryptocurrencies, for all its…
BBVA Switzerland activates the purchase and sale of bitcoins for its clients
The BBVA institution announced that from now on its clients will be able to purchase cryptocurrency custody and purchase services, specifically bitcoin.
The bank, which has been working on this initiative for more than two years, launched…
UBS will offer cryptocurrencies to its clients with high funds
The Swiss bank UBS is working on alternatives to be able to offer its clients new products related to cryptocurrencies.
This was stated by several sources close to the institution, who also stressed that these alternatives would be…