Swiss Financial Market Supervisory Authority
UBS is in talks to acquire Credit Suisse
Switzerland's biggest bank UBS is in talks to buy the country's second-largest bank, Credit Suisse, which has found itself in trouble, the Financial Times (FT) reported, citing several unnamed sources.
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Investors to be offered ‘shares’ in Picasso painting
A Picasso painting is to be sold in tokenized form, allowing investors to buy "shares" in the work, Swiss digital asset bank Sygnum announced July 15.
Sygnum joined forces with Artemundi, a fund specializing in art investments, to offer the shares in Picasso's 1964 work "Fillette au Beret."
Swiss find serious shortcomings at JPMorgan in 1MDB case
Swiss financial watchdog FINMA said on Thursday the Swiss subsidiary of U.S. bank JPMorgan had committed serious anti-money laundering breaches in relation to Malaysian sovereign wealth fund 1MDB.