Swiss Bankers Association Proposes Joint Deposit Token

Despite the clarity of the SBA’s stance, there are still many questions to answer on the legal front. In a recently published white paper, the Swiss Bankers Association (SBA) proposed the issuance of a joint deposit token on a public blockchain. The SBA noted a consensus that stablecoins be issued by registered institutions and cited … Read more

Embattled Swiss Banking Giant Credit Suisse Loses One of Its Major Backers

Zurich-based financial powerhouse Credit Suisse plans to improve its operational outlook after losing one of its biggest backers.  Credit Suisse recently lost one of its most significant backers after Harris Associates sold out its entire stake in the Swiss banking giant. Harris Associates, Credit Suisse’s top shareholder for several years, decided to end ties with … Read more