UBS is the largest Swiss financial holding that provides various financial services all around the world. The first bank of the holding was founded in 1862 in Winterthur and the main office of UBS bank is currently headquartered in Zurich. UBS experts have different opinions about cryptocurrency and its growing popularity. Some of them think that investments in digital assets can be a good way not only to store money, but also to gain some profit from them, while others call Bitcoin another financial pyramid and warn their clients about using it. However, the corporation is considering using patents for blockchain validation for the UBS online services database, which will not only make maintaining the bank more secure, but also a number of its participants.
Many in Switzerland have said that UBS’ takeover of Credit Suisse was necessary to avoid a calamitous banking crisis like that seen in 2008.
UBS’s acquisition of Credit Suisse brings some good and bad for crypto
An indicator of European bank default risk soars and stocks tumble on March 24 amid renewed fears surrounding the financial system.
European banks head into another weekend of uncertainty as default risks surge
Bitcoin price finally broke through the $28,000 mark, but BTC futures and options data suggest some traders are uneasy about the strength of the recent bullish ...
Investors shelter in short-term Treasurys, reducing Bitcoin’s chance of rallying to $30K
Swiss authorities agreed to change the country's regulations to bypass a shareholder vote and announce the deal over the weekend.
UBS Group agrees to $3.25B ‘emergency rescue’ of Credit Suisse
A bank rescue plan for Credit Suisse may impose losses on its bondholders and even result in a full or partial nationalization of Credit Suisse Group AG.
Credit Suisse rescue plan may include nationalization, bondholder losses
The emergency preparation will allow the takeover to proceed without the usual “six-week consultation period” with shareholders, according to people familiar wi...
Switzerland preparing emergency measures for UBS’ takeover of Credit Suisse: Report
With atomic settlement technology, the company said its digital bond settles through the SIX Digital Exchange (SDX), not requiring a central clearing counterpar...
UBS AG launches digital bond settled on blockchain and traditional exchanges