Switzerland

In the ever-expanding realm of cryptocurrency, some countries are proving to be more crypto-ready than others. A recent study has found Hong Kong, the United States, and Switzerland to be the front-runners in the race toward the widespread adoption of cryptocurrencies. The study, conducted by...

Digital asset investment products have witnessed a net outflow of $32 million in the past week, marking the fifth week in a row of this downward trend, with the total over this period amounting to $232 million (0.7% of total assets under management), according to a report. In its digital asset fund...

The lower house of Switzerland’s parliament has retrospectively rejected the 109 billion Swiss francs ($120.7 billion) of financial guarantees the government provided to Credit Suisse Group AG (NYSE:CS) as part of a hastily assembled rescue package, according to a report. What Happened: At an...

Mitsubishi UFJ Financial Group Inc (NYSE:MUFG) has reportedly pushed the issuance of additional tier-1 (AT1) bonds to mid-May or later from its earlier timeline of late April after Swiss regulator FINMA's earlier decision to write down over $17 billion worth of Credit Suisse Group AG's (NYSE:CS) AT...

The Federal Council, the executive body of the Swiss federal government, said in a statement it has acknowledged that the Federal Department of Finance (FDF) is temporarily suspending certain forms of variable remuneration for Credit Suisse Group AG (NYSE:CS) employees. The Federal Council said the...

If you’ve been in markets for long enough, you may remember the February 2018 “Volpocalypse” episode that turned successful long-running trades on their head. Traders who were betting against major market movements saw their profits erode in days, and a group of about 10 from...

One location of a leading fast-food restaurant company has begun accepting Bitcoin for payments inside the store. Here are the details. What Happened: A McDonalds Inc (NYSE: MCD) location in the town of Lugano, Switzerland now accepts Bitcoin (CRYPTO: BTC) as a payment option. The news comes as the...

Cryptocurrency investment products saw inflows worth close to $30 million last week, the majority of which came from Switzerland. What Happened: According to data from CoinShares, Bitcoin (CRYPTO: BTC) saw $19 million worth of inflows and Ethereum (CRYPTO: ETH)...

Logitech International SA (NASDAQ: LOGI) is likely to generate a compounded annual growth rate of 8% in revenues and 10% in EBITDA between fiscal 2022 and 2026, according to BofA Securities. The Logitech International Analyst: Adam Angelov initiated coverage of Logitech International with a Buy...

Cryptocurrency companies located in the United Arab Emirates (UAE) are seeing an unprecedented influx of requests from Russian customers who wish to liquidate billions of dollars worth of cryptocurrency as the Russian ruble plunges due to increasingly harsh economic sanctions. What Happened:...

Startling revelations from a Credit Suisse Group AG (NYSE: CS) whistleblower has exposed the hidden wealth of the bank’s clients, some of them unsavory.  The leaked data from Credit Suisse, Switzerland’s second-biggest bank, discloses details on more than 30,000 clients. ...

The Euro 2020 is set to begin June 11 with the Group Stage and run through July 11. The games will be aired on ESPN and EPSN+, both units of The Walt Disney Company (NYSE: DIS). Ahead of the quadrennial soccer tournament featuring the top teams in Europe, Benzinga is providing group betting...

Palantir Technologies Inc. (NYSE: PLTR) is in the sweet spot of the heightened interest in companies involved in digital transformation. This is reflected in a slew of partnerships the company recently disclosed. What Happened: Palantir announced the renewal of a strategic...

Credit Suisse Group AG (NYSE: CS) announced its financial results for the year's second quarter on Thursday, amid a backdrop of structural change at the Swiss bank. The bank posted a net income of $1.27 billion in the quarter, up 24% from the similar period a year ago....

Zurich-based investment bank Credit Suisse Group AG (NYSE: CS) on Monday confirmed a second spying case reported by Swiss newspaper Neue Zürcher Zeitung earlier last week. What Happened  The Swiss bank said that a member of its executive board, Peter Goerke, was placed under...