Ubs\'s SFr3bn acquisition of Credit Suisse calmed global banking turmoil

On March 19, local time, Swiss banking giant UBS Group bought troubled rival Credit Suisse for 3 billion Swiss francs (about 22.323 billion yuan), and took a loss of up to 5.4 billion US dollars (about 37.2 billion yuan). Founded in 1856, Credit Suisse ha

SVB Financial Group filed for bankruptcy protection to restructure

SVB Financial Group said on Friday it had filed for bankruptcy protection to restructure and find a buyer for its assets. The move comes days after its former subsidiary Silicon Valley Bank was taken over by US regulators. Shares of big U.S. banks fell mo

Banks save themselves! Eleven big banks in the United States have jointly invested $30 billion in First Republic Bank

On Thursday, the banks issued a joint statement: "Bank of America, Citi, jpmorgan Chase and Wells Fargo will each inject $5 billion into First Republic Bank; Goldman Sachs and Morgan Stanley each injected $2.5 billion; Bank of New York Mellon, PNC Ba

Clients at Charles Schwab withdrew $8.8 billion in three days as Silicon Valley Bank collapsed

Schwab is the largest brokerage firm in the United States and the eighth-largest bank by market capitalization, with assets of $551 billion and about 60% of its assets invested in securities portfolios. By the end of 2022, its client assets stood at $7.05

Credit Suisse will borrow up to 50 billion Swiss francs from the Swiss National Bank after a 30 percent plunge in European shares triggered a collapse in European bank shares

Yesterday (March 15), Switzerland\'s second largest banking group, Credit Suisse Bank shares fell about 30% in the day to a record low. That triggered a massive collapse in European bank stocks, which led to a sharp drop of more than 3% across Europe\'s t

Three financial official website notice: voluntarily relinquish the CySEC license, and stop providing investment services

In fact, in the past two years, KAB three A financial platform has been negative, more customer complaints. Since June 2021, a large number of customer complaints have been concentrated, mainly focusing on issues such as inability to withdraw funds for va

Zanu-pf MP involved in forex scam involving South African Reserve Bank

"If you want $10,000 but you have RTGS (Real Time Gross Settlement System), if that\'s what you want, fine, but I\'ll add a markup on the percentage." I will raise the price by 4 percentage points because of the cost involved and my people at th

The impact of the Silicon Valley bank thunderstorm continues to ferment, the share price of US banks fell sharply!

At press time, the bank\'s shares were down 61.83% to $31.21. In addition, the stock prices of other banks, financial companies and lending institutions also fell significantly. For example, the stock price of Western Alliance Bancorp fell to $26.12, a dr

Lendfin Private Pty Ltd\'s Australian financial services licence has been suspended

Last week, the Australian regulator issued two temporary stop orders to Interactive Brokers Australia Pty Ltd, The company was barred from issuing a Stock Yield EnhancementProgram derivative to retail investors due to deficiencies in the product\'s target

Italys CONSOB has banned five more illegal financial websites, bringing the total to 850.

CONSOB, Italy\\\'s financial watchdog, blacklisted five more websites yesterday for providing unauthorised financial services. So far, the total number of illegal websites blocked has reached 850.

Blacklist update! CySEC has issued a warning against six illegal investment websites

The Cyprus Securities and Exchange Commission (CySEC) has updated its blacklist of unregulated entities by adding six new websites belonging to entities that are not authorized to provide investment services and/or carry out investment activities.

Egypt has arrested 29 people suspected of cryptocurrency fraud, including 13 foreign nationals

Egyptian authorities have arrested 29 suspects, including 13 foreign nationals, in connection with cryptocurrency investment scams, according to state media. They are accused of running an online cryptocurrency scam that defrauded thousands of investors a

Euronext trading data for February 2023: Currency pair market turnover increased by 4.9% month-on-month

Euronext has released its trading data for February 2023. Data show that the exchange\'s currency pair market turnover in the month increased slightly by 4.9%.

Fraudulent websites are repeatedly banned! Dugausbe Bank has issued a warning against four more cloning websites

Dukascopy Bank SA, a Swiss financial transaction services provider, has issued a warning to four websites that are fraudulently using its brand. The sites are not regulated and are not owned by Dugosbe Bank, Dugosbe Japan or any other entity of the Dugosb

Touch the compliance red line! Maxiflex Ltd\'s Cyprus licence revoked

The Cyprus Securities and Exchange Commission (CySEC) announced yesterday that it has revoked the Cyprus Investment Company (CIF) authorization of Maxiflex Ltd, operator of currency pair and CFD broker EuropeFX, number 258/14. This follows the suspension