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27 Mar 23

Saudi National Bank chair resigns following Credit Suisse crisis, major losses

Saudi National Bank’s chairman, Ammar Al Khudairy, has resigned from his post following the banking crisis that has hit Credit Suisse Group AG. This move comes shortly after declining to provide further assistance to Credit Suisse, despite the bank being the largest shareholder. Al Khudairy’s resignation is reportedly due to personal reasons, and he will […]

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21 Mar 23

Cardano founder says collapsing Credit Suisse kicked his proposals, calling crypto a danger

Cardano founder Charles Hoskinson decided to share an anecdote encompassing his experience with the now-struggling Credit Suisse bank. Hoskinson recounted this story in his podcast streamed on March 20. According to him, back in 2014, while he was in Ethereum (ETH) and based in Switzerland, Credit Suisse, who last year made big headlines, refused to […]

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21 Mar 23

Coinbase offered Circle $3b credit line to repeg USDC

Crypto exchange Coinbase reportedly offered a $3 billion credit line to Circle, the crypto company that issues the USD Coin (USDC) stablecoin, in an effort to bring the stablecoin back to its $1 peg. The latest development comes after USDC lost its peg to the U.S. dollar due to Circle’s $3.3 billion exposure to Silicon […]

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19 Mar 23

Crypto-friendly bank offers to rescue Credit Suisse

UBS Group AG, a crypto friendly bank, is reportedly offering to purchase Credit Suisse, a global investment bank, for up to $1b, per details on Mar. 19 . UBS to the rescue The UBS offer comes after BlackRock rejected claims to a deal to salvage Credit Suisse on March 19. UBS is offering a price of SFr0.25 […]

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19 Mar 23

BlackRock is not interested in buying Credit Suisse

BlackRock has refuted claims that they are interested in a deal to salvage Credit Suisse, a Swiss-based global investment bank. BlackRock is not buying Credit Suisse Recent reports highlighted that BlackRock, a global investment company with over $10t in assets under management, was planning to acquire Credit Suisse, which is currently facing a liquidity crisis. […]

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