The Credit Suisse banking group has decided to sell part of its business in the area of ​​trusts in subsidiaries located in the Bahamas, Guernsey and Lietchestein.

The decision was made known on Tuesday through a statement that clearly expresses Credit Suisse’s desire to detach itself from the past, with the sale of its business in tax havens.

The financial conglomerate will divest itself “of its Credit Suisse Trust (CST) unit. One part is bought by the firm Butterfield (the business in Singapore, Bahamas and Guernsey) and another part by the Gasser law firm, which will keep the rest of the business of the Credit Suisse division to manage it from Liechtenstein”, as they have indicated to the media.

The scandals of recent years about the use of “shell companies” to evade taxes that have involved Credit Suisse led to this decision.

For the Swiss bank, 2022 should be a year of transition towards a more transparent performance, away from lawsuits and lawsuits that cause collateral damage.

On the other hand, Credit Suisse aspires to a restructuring, amid rumors of possible purchase or dissolution of the group. In any case, they are currently focused on reducing legal risks.

M.Pino

Click the link to subscribe for free to our news and media group on Telegram: https://t.me/G_ELSUMARIO_News

Source: cincodias

La entrada Credit Suisse sells part of the business in tax havens apareció primero en Bitfinance.

Asset manager Grayscale Investments announced the launch of five cryptocurrency-based trusts.

As detailed by the company, this measure seeks to respond to the global demand that has been generated in terms of investments in digital assets.

The management of Grayscale Investments believes that cryptocurrencies have reached a tipping point where the demand for investment tools is higher than ever from users.

These tools will work in the same way as those that already existed on the platform, and the only difference is in the type of asset used.

The new options present investment opportunities for the following assets: basic attention token, chainlink, decentraland, filecoin, and livepeer. These new possibilities are added to the Grayscale list where trusts for bitcoin, bitcoin cash, ethereum and others already exist.

These new investment possibilities will be available to accredited institutional and individual investors. They will be able to access the tools through their regular and continuous private placements.

K. Tovar

Source: Bitcoin.es

La entrada Grayscale Investments launches cryptocurrency trusts apareció primero en Bitfinance.