SixtyNine
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11 months agoSEC Sets Year-End Deadline for Bitcoin ETF Changes, Approvals Expected in January
The Securities and Exchange Commission (SEC) has set a strict year-end deadline for final changes to spot Bitcoin exchange-traded funds (ETFs). The SEC officials have confirmed that the first wave of approvals for…
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11 months agoUBS Strives to Make Mark in US Investment Banking, But Wall Street Dominance Remains
UBS, the Swiss banking giant, is aiming to establish itself as a major player in the American investment banking market, but it acknowledges that it will always play second fiddle to the Wall Street giants. Despite…
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11 months agoUBS to Cut Credit Suisse Investment Banking Jobs in Spain
UBS is set to cut around two-thirds of Credit Suisse’s investment banking jobs, with the latest casualties being in Spain. According to Bloomberg, UBS plans to eliminate all 147 jobs at Credit Suisse’s inv…
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11 months agoZurich Cantonal Bank introduces new fees for credit cards and foreign currency transactions
The Zürcher Kantonalbank (ZKB) has announced changes to its pricing structure for personal accounts and banking packages. Starting from 2024, the bank will no longer charge annual fees for personal accounts and…
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11 months agoTurkey's Central Bank Appoints Crypto Expert to Monetary Body
Turkey’s President Recep Tayyip Erdoğan has appointed Professor Fatma Ozkul, an expert in crypto assets and blockchain technology, to the central bank’s monetary body. Ozkul, a lecturer at Marmara University in I…
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11 months agoNigeria Lifts Ban on Crypto Transactions, Opening Doors for Financial Institutions
The Central Bank of Nigeria (CBN) has lifted the ban on cryptocurrency transactions in the country, allowing Nigerian banks and financial institutions to resume operations with cryptocurrency service providers. The…
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11 months agoSergio Ermotti Takes on Challenge of Leading Risky Credit Suisse Takeover
Sergio Ermotti, the former CEO of UBS, has returned to the Swiss banking giant to oversee its acquisition of struggling rival Credit Suisse. The merger, aimed at preventing a global banking crisis, is a high-stakes…
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11 months agoUBS CEO Sergio Ermotti Highlights Risks and Opportunities in Credit Suisse Takeover
2024 is set to be a crucial year for the takeover of Credit Suisse by UBS, as the two banks merge operations across more than 50 countries. UBS CEO Sergio Ermotti highlighted the migration of IT systems as the…
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11 months agoSwiss National Bank Launches Pilot Project for Wholesale CBDC on SIX Digital Exchange
The Swiss National Bank (SNB) has announced that it will be launching a pilot project called Helvetia Phase III, which will involve the use of central bank digital currency (CBDC) on the SIX Digital Exchange (SDX)…
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11 months agoCircle Receives Conditional Registration as Digital Asset Service Provider in France
Stablecoin issuer Circle has announced that it has received conditional registration under France’s cryptocurrency laws. This marks a significant regulatory stride for the company as it aims to comply with the E…
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11 months agoPaxos Receives Regulatory Approval to Expand Stablecoin Products to Solana Blockchain
The leading stablecoin issuer Paxos has received regulatory approval to expand its products to the Solana blockchain, which it plans to launch on Jan. 17, 2024. This expansion is a significant step for Paxos, as it…
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11 months agoPaxos Expands Stablecoin Issuance to Solana Blockchain, Boosting Solana's Growth
Paxos, a blockchain and tokenization infrastructure platform, is expanding its stablecoin issuance to the Solana blockchain, marking its first expansion beyond Ethereum. Solana was chosen for its fast transaction…
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bob wrote a new post
11 months agoPaxos Receives Approval to Expand Stablecoin Operations to Solana Blockchain
Stablecoin issuer Paxos has received approval from the New York Department of Financial Services (DFS) to expand its operations to the Solana blockchain. This move comes after a thorough review process by the DFS,…
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11 months agoRobey Warshaw Increases Pay for Top Deal Makers to £28m as Revenue Soars
Robey Warshaw, a boutique investment banking firm known for its expertise in advising FTSE 100 companies on major deals, has increased the pay for its top dealmakers. According to recently filed accounts on…
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bob wrote a new post
11 months agoRobey Warshaw Increases Pay for Top Deal Makers to £28m as Revenue Soars
Robey Warshaw, the investment banking boutique known for its expertise in advising FTSE 100 firms on major deals, has increased the pay for its top dealmakers. According to recently filed accounts on Companies…
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bob wrote a new post
11 months agoUBS's M&A Revenues Surge Amidst Challenging Financial Landscape
UBS, the Swiss investment bank, has seen a significant turnaround in its M&A division. After a challenging period last year, where revenues were down 58%, the bank has managed to rescue Credit Suisse’s M&A b…
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11 months agoUBS Balances Retention Bonuses and Layoffs Amid Credit Suisse Merger
UBS, the Swiss bank, is facing the challenge of integrating Credit Suisse after its $3.25bn acquisition. While UBS has spent $500m on retention bonuses to keep key employees from Credit Suisse, it has also laid off…
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11 months agoUBS Bolsters Investment Bank with 200 Senior Credit Suisse Bankers
UBS has made a significant move to strengthen its investment banking division by hiring around 200 senior bankers from Credit Suisse. This comes after the Swiss government’s approval of a $3.25 billion deal b…
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bob wrote a new post
11 months agoRobey Warshaw Increases Pay for Top Deal Makers as Revenue Soars
Robey Warshaw, the investment banking boutique known for its expertise in advising FTSE 100 firms on major deals, has increased the pay for its top dealmakers. According to recently filed accounts on Companies…
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bob wrote a new post
11 months agoUBS Forms New Executive Client Group to Focus on Major Clients
UBS, the Swiss bank, has announced the formation of a new team called the executive client group. This team, consisting of nine top dealmakers, will be led by Ros L’Esperance, the former global co-head of i…
