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#credit suisse
5 articles found
Latest
Chia Network Cuts Workforce by Nearly Half
The blockchain platform, founded by Bram Cohen, the creator of BitTorrent, has downsized its workforce, reducing it by 26 out of 70 employees. This development follows Chia’s 5 months filing with the SEC for its public listing, which faced setbacks due to the collapse of its banking partner, Credit Suisse. The company is also considering its first-ever token sale.
Can Swiss National Bank save Credit Suisse from financial ruin?
The Swiss National Bank has reportedly agreed to extend a secured credit line of $54 billion to Credit Suisse to help it pay off its debts to clients. Additionally, the Swiss regulator is said to be considering the purchase of Credit Suisse's senior debt securities for $2.5 billion in cash. The collapse of Credit Suisse could have far-reaching consequences, potentially surpassing even those resulting from the recent collapse of Silicon Valley Bank. As such, it appears that a banking apocalypse has been averted, at least for the time being.
Credit Suisse, Pictet, and Vontobel have tokenized their products
Swiss banks Credit Suisse, Pictet, and Vontobel have issued tokenized financial instruments on the Ethereum blockchain testnet. The digital investment products are traded on the BX Swiss exchange, which is regulated by FINMA.
Credit Suisse Employees to get a bonus Amidst Bank's Troubles
Yes, you got that right. Not a thrashing, not fines - yet bonuses.
Credit Suisse shares plummet 30%, hitting new all-time low
The value of Credit Suisse's securities sharply declined after the bank's largest investor, the National Bank of Saudi Arabia, refused to provide additional financial assistance.
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