The Swiss private banking sector is currently engaged in a fierce competition to attract top talent from Credit Suisse (CS) and UBS. In order to entice experienced bankers, these banks are offering high salary packages. Lombard Odier, LGT, Julius Bär, and EFG International are among the domestic institutions actively recruiting from CS and UBS. Even […]
Gamma Strategies, an Ethereum-based liquidity management protocol, has experienced a significant exploit resulting in the loss of $3.4 million in digital assets. The attack was detected by blockchain security firm PeckShield, who initially estimated the losses to be around $469,000 but later confirmed the higher amount. The attacker had already transferred $2.2 million to a […]
The Liechtensteinische Landesbank (LLB) has recently opened new branches in Germany, specifically in Munich, Frankfurt, and Düsseldorf. These expansions are aimed at leveraging the bank’s close relationship with Switzerland and Europe to strengthen its presence in the market.According to a press release, the LLB branches in Germany began operations in January 2024 with a team […]
The Liechtensteinische Landesbank (LLB) has recently opened new branches in Germany, specifically in Munich, Frankfurt, and Düsseldorf. These locations were chosen to strengthen the bank’s close relationship with Switzerland and Europe.According to a press release, the LLB branches in Munich, Frankfurt, and Düsseldorf officially opened in January 2024 with a total of 20 employees. The […]
Huobi Korea, a leading virtual asset exchange, has announced the termination of its local virtual asset trading services. The decision comes as part of the exchange’s strategic move to adapt to the changing market dynamics and improve its overall offerings. The termination is scheduled for January 29, reflecting concerns about the current industry environment.In addition […]
A recent survey conducted among employees of a major Swiss bank suggests that nearly half of the combined workforce of UBS and Credit Suisse are concerned about their job security. According to the survey conducted by “Efinancialcareers” at the end of 2023, 43.2% of UBS bankers expressed fear of losing their jobs, making them second […]
The Swiss bank UBS is making a significant move to strengthen its market position in the Middle East. It has appointed a new leadership team for its investment banking division in the region. This move is seen as a clear indication of UBS’s ambitions in the Middle East.According to a report from Bloomberg, UBS has […]
Crypto asset manager Grayscale Investments is reportedly in talks with investment banks JPMorgan and Goldman Sachs regarding their potential involvement in a proposed spot Bitcoin exchange-traded fund (ETF). Grayscale recently filed an amended application with the United States Securities and Exchange Commission, but did not list any authorized participants. However, it is worth noting that […]
The forced sale of Credit Suisse (CS) to UBS has brought some stability to the troubled bank. However, the low sale price and the decision by the Swiss Financial Market Supervisory Authority (FINMA) to write off almost CHF 16 billion worth of contingent convertible bonds (AT-1 bonds) have caused an outcry in the financial market. […]
Two leading spot Bitcoin exchange-trade fund (ETF) applicants, Grayscale and BlackRock, are reportedly considering adding Goldman Sachs as an authorized participant. This role would involve Goldman Sachs creating and redeeming shares for each spot Bitcoin ETF based on market demand. While the addition of Goldman Sachs has not been publicly announced by the companies involved, […]
