roughgears
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11 months, 2 weeks agoLGT Wealth Management Appoints Siobhan Archer as Global Stewardship Lead
Siobhan Archer has been promoted to the position of global stewardship lead at LGT Wealth Management. In her new role, Archer will be responsible for overseeing the firm’s stewardship strategy, which includes a…
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11 months, 2 weeks agoSmaller Swiss Banks Follow Suit as Major Bank Eliminates Account Fees
The Zurich Cantonal Bank (ZKB) has announced its plans to eliminate various account and card fees starting in 2024. This move comes as a response to the ongoing digitization in the banking industry, where the cost…
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11 months, 2 weeks agoRipple Registered with Ireland's Central Bank, Expands Services in Europe
Ripple, the blockchain enterprise, has been registered with Ireland’s Central Bank, allowing it to offer digital asset services in the country. This move positions Ripple to expand its services across the E…
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11 months, 2 weeks agoAdobe Cancels Acquisition of Figma Due to Regulatory Hurdles
The mediation process in Switzerland regarding the abusive dismissal of trade unionists has been put on hold. Federal Councillor Guy Parmelin has made the decision to suspend the process, stating that a mutually…
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11 months, 2 weeks agoAmerican Bankers Association Influenced Contentious Crypto Bill, Sparking Backlash from Crypto Community
U.S. Senator Roger Marshall has revealed that the American Bankers Association played a role in formulating the Digital Asset Anti-Money Laundering Act, a controversial bill that has faced criticism from the…
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11 months, 2 weeks agoCrypto Industry Faces Pivotal Court Decisions in 2024
In 2024, the cryptocurrency trading sector is set to experience significant court rulings that could shape the future of the global financial world. Key players such as Coinbase, Binance, Ripple, and prominent…
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11 months, 2 weeks agoZuger Wealth Manager Ficas Expands Team with Former Fund Professional Specializing in Digital Investments
Swiss asset manager Ficas has expanded its team with the addition of former fund professional Harlan Carere, who is also knowledgeable about digital investments. Carere, who has three decades of experience in the…
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11 months, 2 weeks agoUnicredit CEO Andrea Orcel Sets Sights on Acquiring Major Bank
Andrea Orcel, the CEO of Unicredit, has emerged as one of the most successful managers in the banking industry. Under his leadership, the bank’s stock price has surged by 178% since he took office in April 2021, w…
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11 months, 2 weeks agoIOSCO Releases Comprehensive Policy Recommendations for Crypto Regulation
The International Organization of Securities Commissions (IOSCO) has released a set of nine policy recommendations aimed at promoting consistent regulatory oversight in the crypto sector. As the global…
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11 months, 2 weeks agoBlackRock, Nasdaq, and SEC Discuss Rule Changes for Bitcoin ETF Listing
BlackRock, Nasdaq, and the United States Securities and Exchange Commission (SEC) recently held discussions regarding the listing of a spot Bitcoin exchange-traded fund (ETF). The meeting focused on the necessary…
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11 months, 2 weeks agoUBS to Sell Credit Suisse's Weak Loan Portfolio to Italian Companies
The UBS bank is reportedly planning to offload a portfolio of loans to Italian companies with low credit ratings. The move comes after the bank acquired Credit Suisse and inherited a number of weak credit…
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11 months, 2 weeks agoUBS CEO Sergio Ermotti Celebrates Grand Opening of Mandarin Oriental Savoy Hotel
Sergio Ermotti, the CEO of UBS, is being hailed as the smartest manager in Switzerland. Despite his lackluster rhetoric, he wields immense power and is often referred to as the king of Paradeplatz, the financial…
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11 months, 2 weeks agoJulius Bär Executives Linked to Controversial Figure Benko: A Tale of Luxury and Scandal
In the case of Benko, the leadership at Julius Bär seems to have adopted a “blame everyone” approach, ensuring that no one takes responsibility. One individual who fits into this narrative is Luigi Vignola, the…
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11 months, 2 weeks agoCredit Suisse's Capital Shortfall Revealed in Financial Regulator's Report
A recent report by the Swiss Financial Market Supervisory Authority (FINMA) has revealed that Credit Suisse’s parent bank had lower capitalization than expected, which had negative consequences for the bank d…
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11 months, 2 weeks agoBinance's Law Enforcement Portal Breached, Access Sold on Dark Web
A hacker going by the name “Miembro” has recently posted on Breach Forums, offering to sell access to Binance’s law enforcement request panel for $10,000 in Bitcoin or Monero. This access supposedly provides priva…
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11 months, 2 weeks agoAlchemy Pay Partners with Worldpay to Enable Cryptocurrency Purchases with Credit and Debit Cards
Singaporean fintech firm Alchemy Pay has announced a partnership with UK-based payment processor Worldpay. This collaboration will allow Alchemy Pay users to access Worldpay’s Visa and Mastercard payment rails f…
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11 months, 2 weeks agoBitnomial Receives Clearinghouse License from CFTC, Becomes Regulated Vertically Integrated Market Structure
The United States Commodity Futures Trading Commission (CFTC) has granted Bitnomial, a digital asset derivative exchange, a clearinghouse license. This license adds to Bitnomial’s existing derivatives exchange a…
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11 months, 2 weeks agoIOSCO Releases Policy Recommendations for DeFi Regulation
The International Organization of Securities Commissions (IOSCO) has released a set of policy recommendations aimed at promoting consistency in regulatory oversight across jurisdictions. These recommendations,…
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11 months, 2 weeks agoBitcoin Bull Michael Saylor Claims Spot Bitcoin ETF Approval Could Be the Biggest Wall Street Development in 30 Years
Bitcoin bull Michael Saylor believes that the approval of a spot Bitcoin exchange-traded fund (ETF) could be the most significant development on Wall Street in 30 years. Saylor compared it to the creation of the…
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11 months, 2 weeks agoSenators Warren and Marshall Collaborate with Big Banks on Controversial Anti-Crypto Bill
Big banks have reportedly played a role in the drafting of a controversial anti-crypto bill by United States Senators Roger Marshall and Elizabeth Warren. In a video that surfaced on social media, Senator Marshall…
