Tag: Switzerland
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Crypto Firms Look to Swiss Lenders After Silvergate and Signature Bank Fail
Switzerland has created what they call “Crypto Valley” in the Zug region. Nurphoto | Nurphoto | Getty Images Crypto companies are struggling to find institutions to bank with after the collapse of signature bank And Silvergate capitaltwo lenders who were friendly to digital currency companies. Some of these companies have turned to crypto-friendly Swiss banks, […]
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Crypto Firms Look to Swiss Lenders After Silvergate and Signature Bank Fail
Cryptocurrency companies are struggling to find institutions to bank with after the collapse of Signature Bank and Silvergate Capital. According to multiple industry insiders who spoke to CNBC, these companies have turned to crypto-friendly Swiss banks, inundating them with requests for banking services. Part of the reason companies seek out Swiss banks is the country’s […]
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UBS-Credit Suisse deal puts Switzerland’s reputation at stake
UBS on Sunday agreed to buy its embattled domestic rival Credit Suisse for 3 billion Swiss francs ($3.2 billion) as part of a government-backed deal at cut prices. Swiss authorities and regulators helped regulate the deal, which came amid fears of contagion to the global banking system after two smaller US banks collapsed in recent […]