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Zurigg-based crypto lender Nexo is looking to take advantage of the consolidation in the crypto world. With help from a US bank, it sees itself as financially well equipped to take over the assets of struggling competitors. In what is increasingly looking…
There is a large gap between private banking and your average smartphone app, according to a new study. But a small avant-garde makes headway. Swiss traditional private banking pure-play Julius Baer seems to be the grand citadel of Insta-bankers. That is the…
Switzerland’s Openwealth initiative gains momentum as one of the world’s largest cloud providers becomes a member. Google Cloud becomes the latest addition to the Openwealth Association, joining as an API service provider, the organization announced on…
On Asia’s first flagship store has opened in Tokyo. This is the second flagship store after New York and the largest in the world. Located in the famous Harajuku district, the on-flagship store has three entrances over 320 square meters that span three…
Swiss federal prosecutors are set to drop a nearly five-year criminal investigation into Volkswagen’s diesel emissions scandal after concluding they did not have a strong enough case to file charges, they said on Tuesday. The Office of the Attorney General…
A year ago, HSBC’s Swiss private bank was still considering Geneva as a growth market. Now it is cutting jobs and reducing its office space in Geneva. After a bad year for Swiss private bank HSBC in which wealthy clients withdrew a net $1 billion, it is…
A group of commercial and public institutions got together to see how tokenized financial assets based on distributed ledger technology work with today’s banking systems. A project involving the Swiss National Bank, the Bank for International Settlements…
The Swiss crypto broker’s CEO is stepping down after four years. His replacement is an ex-UBS banker well-known for his technology expertise. Arthur Vayloyan is stepping down as CEO of Bitcoin Suisse at the end of March, the Zug-based crypto firm said in a…
Bank Vontobel will open an office in Miami in coming months, in an expansion of its U.S. onshore presence. Zurich-based Vontobel will launch a wealth management office in Miami, its second in the U.S., CEO Zeno Staub said on Tuesday. The Swiss bank is the…
Switzerland’s largest online bank is riding the crypto wave. Swissquote’s ambitions include setting up its own trading platform for digital currencies, sales manager Jan De Schepper said. Swissquote plans to open its own crypto exchange before the end of the…
The reinsurer is tasking an Indian information technology company with the operation of its digital workstations. Swiss Re is extending its partnership with consultancy firm Tata Consulting Services (TCS) to manage its digital workstations. The multinational…
The Swiss bank’s board is nominating a veteran of Morgan Stanley as chairman. UBS will also elevate a Swiss stalwart as his deputy. Zurich-based UBS is nominating Colm Kelleher as its next chairman, it said in a statement on Saturday. The 64-year-old…
Profitability in the first ten months of 2021 at Julius Baer «rose significantly», according to the Swiss bank, on the back of client asset growth and improved cost efficiency. Julius Baer’s profitability rose significantly in the first ten months of 2021 on…
The Swiss-based banking software provider has announced a pair of senior promotions at its Asia-Pacific business. Avaloq has appointed Gery Dachlan as managing director for South Asia and Australia, and Pascal Wengi as managing director for the North Asia…
Swiss bank UBS lifted pay for outgoing CEO Sergio Ermotti by nearly 14 percent and granted its new CEO Ralph Hamers a $3.3 million bonus for four months of work. Zurich-based UBS paid Sergio Ermotti 14.2 million Swiss francs ($15.4 million) last year,…
Swiss bank UBS said the co-head of its investment bank since 2018 is departing, leaving a trading veteran as the sole head of the unit. Zurich-based UBS’ Piero Novelli is leaving at the end of next month, UBS said in a statement on Monday, to retire from the…
