Aymo Brunetti, head of the Too-Big-to-Fail expert group, discusses the parliamentary investigation into the collapse of Credit Suisse, attributing the failure largely to management shortcomings and excessive risk-taking. He emphasizes the need for reforms to ensure better preparedness for future…
In the latest political discussions in Switzerland, leaders expressed strong opinions about the recently concluded EU negotiations and the Credit Suisse report from the parliamentary inquiry. While some, like Magdalena Martullo-Blocher from the Swiss People’s Party, criticized the government’s approach,…
The Swiss National Bank (SNB) and the Federal Financial Market Supervisory Authority (Finma) are responding to a report following the Credit Suisse crisis, emphasizing the need for stronger regulations. Finma supports recommendations for enhanced oversight, while UBS acknowledges that Credit…
Greek lawyer Georgios Nikolaakopoulos praised government announcements for reducing bank fees, stating that these changes will ease consumers’ financial burdens. Starting January, payment limits via POS devices will increase, and ATM withdrawal charges will be lowered. Nikolaakopoulos emphasized the benefits…
A recent Court of Appeal ruling involving Marcus Johnson and two other car buyers has raised questions about hidden commission payments in car financing, potentially allowing millions to seek compensation. The ruling emphasized the need for ‘fully informed consent’ from…
Donald Trump announced his intention to appoint Republican lawyer Paul Atkins as the new chairman of the U.S. Securities and Exchange Commission (SEC) after taking office. Atkins, a former SEC commissioner, supports the expansion of cryptocurrencies and has criticized the…
The Minister of National Economy and Finance, Kostis Hatzidakis, has unveiled upcoming governmental initiatives aimed at the banking system. These initiatives, set to be announced soon, are intended to address the needs of citizens, the economy, society, and businesses while…
Sung Kook ‘Bill’ Hwang, former head of Archegos Capital Management, has been sentenced to 18 years in prison for fraud and market manipulation that led to the collapse of his investment firm in 2021, costing Wall Street banks billions. U.S….
Sung Kook ‘Bill’ Hwang, founder of Archegos Capital Management, has been sentenced to 18 years in prison after being convicted of fraud and market manipulation that led to significant losses for Wall Street banks. The case, one of the largest…
Since Donald Trump’s election as the ‘Bitcoin President’, Bitcoin’s value has surged to nearly $93,500, prompting speculation it may soon hit the $100,000 mark. Trump aims to establish the U.S. as a ‘global crypto center’ and has proposed creating a…
