Search Results for: Swiss Banks
SIX Swiss Exchange annnounced two additional European markets
February 15th, 2017
The internationalization of the SIX Swiss Exchange Liquidnet Service (SLS) provides participants with yet more options for non-displayed trading. As of today, SLS supports trading in both Italian and Norwegian equities. This extension adds over 400 shares to the ...
Three major Banks fined €485 million for Euribor fix cartel
December 7th, 2016
The European Commission has fined Crédit Agricole, HSBC and JPMorgan Chase, a total of € 485 million for participating in a cartel in euro interest rate derivatives. The banks colluded on euro interest rate derivative pricing elements, and exchanged ...
Swiss rail ticket machines to sell bitcoins
November 1st, 2016
Bitcoin users will soon be able to buy the digital currency from Swiss rail ticket machines. The pilot project starts on November 11 and will initially last two years to see how much demand there is for the service. ...
Most European Banks Survive Stress Test
August 1st, 2016
European regulators gave most banks a clean bill of health in “stress tests” despite the Continent’s sluggish growth and low interest rates, saying only a clutch of lenders would struggle to ride out a hypothetical severe economic downturn. The European ...
A computerized trading firm beat Banks in the rankings of the world’s biggest spot currency traders
May 26th, 2016
XTX is the first electronic specialist to break into top five Deutsche Bank was the biggest currency trader until 2014 Computerized trading firm XTX Markets Ltd. has come from nowhere to dethrone major banks including Deutsche Bank AG in the ...
Europe Shares Rise With Banks as Investors Speculate on Fed Hike
May 19th, 2016
Fed presidents said that at least two hikes may be warranted Burberry retreats after reporting drop in annual earnings Banks propelled a rebound in European stocks, while investors weighed the possibility of the Federal Reserve increasing interest rates sooner ...
The Swiss National Bank announced that the Swiss Interbank Clearing payment system goes into operation
April 21st, 2016
The Swiss National Bank (SNB) welcomes the successful operational start-up of the technically overhauled Swiss Interbank Clearing (SIC) payment system by SIX Interbank Clearing Ltd on the settlement day 15 April 2016. The SIC system, used by banks to ...
Swiss banker whistleblower: CIA behind Panama Papers
April 13th, 2016
Bradley Birkenfeld is the most significant financial whistleblower of all time, so you might think he’d be cheering on the disclosures in the new Panama Papers leaks. But today, Birkenfeld is raising questions about the source of the information ...
Banks told to declare links to Panama Papers law firm by next week
April 8th, 2016
Banks and financial firms have been told to hand over any information about their dealings with the law firm at the centre of the Panama Papers to the UK’s Financial Conduct Authority by a week on Friday. The City regulator had ...
Swiss bank Credit Suisse warns the eurozone could collapse in case of a European recession
March 3rd, 2016
Credit Suisse recently warned the eurozone could collapse in the event of a fresh downturn or recession in Europe. Economists at the Swiss bank in a research note titled “Close to the edge” said the recession would unleash a ...
