Swiss investment bank UBS agrees to buy Credit Suisse for $4 billion

UBS to buy Credit Suisse Swiss investment bank UBS announced on the 19th that it had agreed to acquire Credit Suisse for approximately ¥420 billion (approximately $3.23 billion). The acquisition will take the form of a stock exchange and is planned to be completed by the end of 2023. As of March 17, the market […]

Banking Crisis, Good for Stablecoins[Opinion]| coindesk JAPAN | Coindesk Japan

Who would have thought that the US government would bail out stablecoins? By sheer coincidence, the U.S. Treasury Department, Federal Reserve Board (FRB), and Federal Deposit Insurance Corporation (FDIC) have announced plans to fully protect the deposits of two failed banks, resulting in the stablecoin USD Coin ( It also promised to protect at least […]

Bitcoin and Ethereum volatility indicators are in an unusual state for the first time in about two years | coindesk JAPAN | Coindesk Japan

For the first time in nearly two years, cryptocurrency options traders see Bitcoin (BTC), the largest cryptocurrency, in second place with more volatility than the native token of the Ethereum blockchain, Ethereum (ETH). I’m watching it grow. This is unusual as Ethereum and related coins generally tend to be more volatile than Bitcoin and reflects […]

Hedge Funds Are Crowding Into These 10 ETFs So Far in 2023

Published by ValueWalk Our round-up shows exchange-traded funds from issuer Direxion currently dominate Fintel’s Fund Sentiment Leaderboard Exchange-traded funds from issuer Direxion currently dominate the Fintel Fund Sentiment Leaderboard as hedge fund managers and institutions see equities markets in unchartered waters amid banking industry uncertainty and central bank efforts to cool inflation. Q4 2022 hedge […]

S&P 500’s Momentum Breaks – Banking Game Of Chicken

Published by ValueWalk S&P 500 didn‘t maintain premarket momentum as fresh banking doubts resurfaced, pulling down cyclicals. It wasn‘t though a full-blown panic as (tech) megacaps, semiconductors and communications were benefiting alongside long-dated Treasuries. 2y yield is though clear on what it expects from the Fed – no more serious tightening (fuelling PMs). That would […]

Former Belgian Finance Minister European MP calls for banning crypto assets ── in response to turmoil in the banking industry | coindesk JAPAN | Coindesk Japan

MEP and former Belgian Finance Minister Johan Van Overtveldt called for a ban on cryptocurrencies in a tweet on March 17, following the turmoil in the banking sector. . The economic spokesman for a group of 64 EU parliamentarians made the comments as the European Parliament prepares to vote on a ground-breaking crypto licensing scheme […]

Strong performance on price of Bitcoin after stablecoins recover peg and staked Ether withdrawals near

Published by City AM By Darren Parkin Data from CryptoCompare shows that the price of Bitcoin surged from around $22,000 at the beginning of last week to now change hands above the $28,000, with the cryptocurrency market having outperformed other assets over the last few days. Ethereum’s Ether, the second-largest cryptocurrency by market cap, moved […]

Credit Suisse, UBS deal: What you need to know

Published by Reuters UK (Reuters) – Banking stocks and bonds plummeted on Monday as the hit to investors from UBS Group’s state-backed takeover of Credit Suisse fanned concerns about the health of the global banking sector. UBS agreed to buy rival bank Credit Suisse on Sunday for 3 billion Swiss francs ($3.23 billion) and assume […]