BlackRock, the asset management company, has submitted a new amendment to the S-1 filing for its spot Bitcoin ETF, the iShares Bitcoin Trust. The latest filing includes several changes, including the addition of a market ticker, IBIT, indicating that the fund intends to trade on the Nasdaq under that label. Previous filings used a blank […]
Derivatives specialist Leonteq has acquired a 10% stake in Swiss stock exchange BX Swiss, paying a “single-digit million amount” for the shares. The investment will allow BX Swiss to benefit from Leonteq’s investment solutions ecosystem, facilitating collaboration with actors in the Swiss financial sector. In return, Leonteq will gain access to the ecosystem of Börse […]
A recent report has shed light on the handling of the Credit Suisse (CS) crisis by the Swiss Financial Market Supervisory Authority (FINMA). The report, titled “Lessons Learned from the CS Crisis,” spans 89 pages and aims to absolve FINMA of any blame in the downfall of the country’s second-largest financial institution.However, the report’s claims […]
Cevian Capital, a well-known Swedish investment firm, has become a major shareholder in UBS, one of the largest banks in Switzerland. The firm has invested 1.2 billion euros in UBS stocks, acquiring approximately 1.3 percent of the bank’s outstanding capital. The investment will be held by Cevian Capital’s various funds.Cevian Capital has high hopes for […]
The long-time president of the Swiss National Bank, Thomas Jordan, reportedly wanted to intervene at Credit Suisse much earlier than previously known. However, his concerns were not heeded. Months before the emergency takeover by UBS in March of last year, Jordan wanted to inject 50 billion Swiss francs of liquidity into the country’s second-largest bank […]
Ripple CEO Brad Garlinghouse is calling for unity within the crypto industry to support pro-crypto candidates in the upcoming 2024 US presidential election. He believes that it is crucial to counter the anti-crypto and anti-innovation stance taken by the Biden administration, particularly regarding blockchain technology. Garlinghouse emphasizes the need to support candidates who champion innovation […]
UK Treasury has introduced Digital Securities Sandbox (DSS) regulations to create a controlled environment for testing new technology in financial markets. The rules allow the Treasury to modify or apply new legislative requirements, while the Bank of England and Financial Conduct Authority can run and supervise a sandbox with granted powers. The regulations aim to […]
