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Shorting Credit Suisse

My long on Credit Suisse stopped out as it turned out the debacle of the Archegos scandel was not completely priced in. The damage to…

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Paxos applies for clearing license with SEC following successful pilot tests

The stablecoin issuer completed a successful pilot test for same-day trade settlements with Credit Suisse and Instinet. Paxos, a United States-based stablecoin operator, announced Tuesday that it will apply for a formal clearing agency license with the Securities and Exchange Commission, or SEC, in a move that would bring another practical use case for blockchain technology in traditional markets.  As Reuters reported, the pursuit of an agency license by Paxos follows a successful pilot test of its same-day settlement system. Credit Suisse, a Zurich-based financial institution, and Instinet, the trading arm of Nomura Holdings Inc., participated in the pilot by…

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A Google, az NSA és a megfigyelőállam helyére pályázik a Credit Suisse

Még februárban robbant a hír miszerint a Credit Suisse, Európa egyik legnagyobb befektetési bankja az akkori CEO Tidjane Thiam jóváhagyásával szisztematikusan megfigyelte a felsővezetőit. A Reuters tegnapi jelentése szerint újabb bizonyítékok kerültek napvilágra az esetről. A svájci FINMA piacfelügyelő szerdán nyitott egy új fájlt a Credit Suisse-ről a kémkedési botrány miatt azt vizsgálva, vajon helyén voltak-e megfelelő menedzsmentfelügyeleti eszközök, amivel megakadályozhatóak lettek volna az igazgatósági tagok megfigyelése. A vállalati kémkedés híre múlt évben pattant ki a svájci bankszektor diszkrét, offshore üzelmeiről hírhedt világában, amikor kiderült, hogy a Credit Suisse kémkedett Iqbal Khan vagyonkezelésért felelős vezetője, aki a rivális UBS bankhoz…

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Bitcoin Suisse Completes a $48 Million Series A Financing Round

Swiss crypto financial services provider, Bitcoin Suisse completes its first financing round of $ 48 million (CHF 45 million). The completed Series A financing round now has Bitcoin Suisse’s 2019 pro forma equity totaling around $108 million. The financing round includes 16.4% of shares of BTCS Holding AG, consisting of 6.4% treasury shares and 10% newly issued shares. The authorized capital for the fully subscribed 10% capital increase was created at the extraordinary general assembly on June 30, 2020. Based on terms of the financing deal, Bitcoin Suisse is now valued at approximately $326 million. In a statement, Niklas Nikolajsen,…

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Global Banks Reportedly Limit Service in Hong Kong for Political Reasons

Global banks are scanning clients in Hong Kong on potential political ties amid protests over China-initiated national security law. Major international banks like Credit Suisse and HSBC are reportedly scrutinizing their Hong Kong clients amid the ongoing protests over China-backed national security law.According to a July 19 report by Reuters, global banks including Credit Suisse, HSBC, Julius Baer, and UBS are now screening their clients in Hong Kong on potential ties to the city’s pro-democracy movement.Social media spiesCiting a group of anonymous people familiar with the matter, the report says that the banks are scanning clients’ records for political and…

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