Banking & Fintech

How crypto mining tried, but failed, to gain a Swiss toehold

This content was published on May 16, 2020 Cryptocurrency mining is returning to Switzerland in a different format than previous attempts to set up the infrastructure.

Swiss companies vetted for pandemic loan abuses

This content was published on May 15, 2020 The rescue package for companies forced to shut down during the pandemic was doubled to CHF40 billion last month. The loans make up the lion’s share of CHF57 billion in financial relief that has been rubber stamped by parliament. But the unprecedented step to provide so much money at short notice has led to fears…

Browder vows to fight Swiss legal co-operation with Russia

This content was published on May 13, 2020 Switzerland’s Federal Prosecutor plans to share highly sensitive testimony and witness statements relating to Sergei Magnitsky with the Kremlin.

Falcon exits Swiss private banking after 1MDB scandal

This content was published on May 12, 2020 The company says it has changed its name to “Falcon Private” but will remain under the supervision of the Swiss Financial Market Supervisory Authority (FINMA) while it hands over its private banking clients and assets to the unnamed bank. “Three years ago, we gave Falcon Private Bank a new profile through innovative ideas and unconventional…

Fintech ‘unicorn’ Numbrs slashes jobs as investors turn tail

This content was published on May 8, 2020 The mobile banking app Numbrs is poised to cut 62 of its Zurich-based staff after investors pulled out of an agreement to inject new funds into the company. Just last year, the fintech firm said it was worth CHF1 billion having attracted big ticket investments from around the world.

Bitcoin Suisse targets dual bank licences with fund raise

This content was published on May 8, 2020 Crypto Valley company set to test investor risk appetite for blockchain-based finance.

Israeli bank hit with $900m tax evasion and football kickback penalties

This content was published on May 1, 2020 Hapoalim was also fined an additional $30 million by the US Department of Justice (DoJ) for laundering bribes related to corruption at world football’s governing body FIFA, which is headquarted in Zurich. In the tax evasion case, Israel’s largest bank, and its Swiss subsidiary, admitted to “not only failing to prevent but actively assisting US…

Bitcoin accepted sign on council office doors

Switzerland’s Crypto Valley not quite on its deathbed

This content was published on Apr 27, 2020 Blockchain start-ups from Switzerland's Crypto Valley are crying out for extra coronavirus help.

Former UBS boss Marcel Ospel dies aged 70

This content was published on Apr 27, 2020 Ospel, ousted from his job as chairman of UBS in 2008 after the US subprime mortgage crisis, passed away on Sunday due to cancer.

Switzerland facing biggest economic slump since 1975

This content was published on Apr 23, 2020 In a revised forecast in the wake of the coronavirus pandemic, federal authorities predict GDP will contract by 6.7% in 2020.

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Banking & Fintech

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Banking & Fintech

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How crypto mining tried, but failed, to gain a Swiss toehold

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Swiss companies vetted for pandemic loan abuses

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Browder vows to fight Swiss legal co-operation with Russia

More

Falcon exits Swiss private banking after 1MDB scandal

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Fintech ‘unicorn’ Numbrs slashes jobs as investors turn tail

More

Bitcoin Suisse targets dual bank licences with fund raise

More

Israeli bank hit with $900m tax evasion and football kickback penalties

More

Switzerland’s Crypto Valley not quite on its deathbed

More

Former UBS boss Marcel Ospel dies aged 70

More

Switzerland facing biggest economic slump since 1975

Popular Stories

Most Discussed