UBS's acquisition of Credit Suisse could have both positive and negative implications for the cryptocurrency industry. The article notes that UBS is known for its conservative approach to financial services, while Credit Suisse has been more open to exploring digital assets and blockchain technology.

Days after declining to further assist Credit Suisse Group AG amid erupting banking crisis, Ammar Al Khudairy, Chairman of Saudi National Bank decided to resign from his post. However, the Saudi National Bank is the largest shareholder of collapsed Credit Suisse.

Credit Suisse tapped the Swiss National Bank for "a large multi-billion amount" last weekend to secure its liquidity, the country's finance minister Karin Keller-Sutter told Swiss broadcaster SRF on Saturday.

Marathon Asset Management LP made around $30 million in a few days because of a well timed bet on Credit Suisse Group AG bonds.

Switzerland’s troubled Credit Suisse and its rescuer, USB, are subject to an investigation into whether bankers helped Russian oligarchs evade Western sanctions, according to a media report. Some major U.S. banking institutions are also under scrutiny within the probe initiated by the Justice Department, sources say.

According to recent reports, the U.S. Department of Justice is investigating whether or not financial professionals at premier institutions assisted Russian oligarchs in evading sanctions imposed by the country. Two of the banks that are reportedly being investigated are Credit Suisse Group AG and UBS Group AG.

Credit Suisse said on Thursday it has hired private banker&nbsp;<b>Kwong Kin Mun</b>&nbsp;as its new vice chairman for Southeast Asia wealth management.

When you enter the world of cryptocurrencies, you can feel overwhelmed. There are more than a thousand concepts and over 10,000 unknown words or tokens. You may think that getting it right is an impossible task.

As Credit Suisse (SWX: CSGN) becomes another banking giant to feel the effects of the widespread crisis that has already crashed several financial institutions and put many others at risk, it is worth reminding of the words of its former CEO, who claimed Bitcoin (BTC) was a bubble.

Switzerland’s largest banking institution – UBS Group – entered into a merger deal with its troubled rival – Credit Suisse. The former will pay $3.25 billion to finalize the deal, which is 60% less than what Credit Suisse was worth at the end of last week.