The distributed ledger, called Assembly, is the first one that can be used in institutional finance.
Aside from Teylor, Taurus has also secured other partnerships to enhance its crypto custodian and tokenization services.
The UBS report for Q3 2023 showed that the company’s net loss increased because of expenses necessary due to the Credit Suisse integration.
Additionally, UBS has announced its decision to fully integrate Credit Suisse’s domestic banking unit into its operations.
The NFTs were minted on the Ethereum blockchain and are based on physical works of art by Swiss artist Daniela Filippelli.
Villeroy de Galhau touched on not only the e-euro but also the banking crisis and its consequences for the eurozone.
To cover potential losses of 9 billion francs ($9.9 billion) that result from winding down parts of Credit Suisse’s business, UBS has reached an agreement with the Swiss government.
As part of a government-backed rescue plan earlier this year as well as a bid to prevent any financial market instability, UBS acquired Credit Suisse in a $3.2 billion deal.
According to the UBS post-acquisition plans, it is going to implement a phased integration of the Credit Suisse brand which may last a couple of years.
The acquisition of Credit Suisse by the bigger bank has been viewed using different lenses by industry observers.
The growth in the European indices recorded an encompassing ripple effect that spread to other major Asia-Pacific markets.
Due to a strong quarter, Barclays “remains on track to deliver its 2023 targets, with all performance metrics in line with or ahead of guidance.”
The turmoil in the banking ecosystem from the United States as it concerns Silicon Valley Bank (SVB) stirred a ripple effect that was felt in Switzerland.
While there are plans in place to repay shareholders following the Credit Suisse acquisition by UBS, many may be unable to quantify their losses because of the bank’s collapse.
Following the IPO, Rakuten Bank is billed to finally go public on the Tokyo Stock Exchange on April 21.
It is said that the new CEO is equipped as the “best pilot” to navigate the current business challenges.