UBS to cut over half of Credit Suisse employees
UBS Group is planning to cut more than half of Credit Suisse Group’s 45,000-strong workforce starting next month as a result of the bank’s emergency takeover, Bloomberg reported. Bankers, traders…
Switzerland to test its digital currency
Swiss National Bank Chairman Thomas Jordan said Monday that the institution will soon issue a central bank digital currency (CBDC) for wholesale payments on the SIX Digital Exchange, Switzerland’s financial…
Malaria found in US for first time in 20 years, alarming officials
Malaria, a potentially deadly disease caused by a mosquito-borne parasite, is making inroads into the US.Three new cases of malaria — one in Texas and two in Florida — are…
Commonwealth Bank chaos: Customers unable to get into their accounts, app down: ‘I can’t access my money’
A major Commonwealth Bank outage has left millions of Australians unable to access their money or transfer funds. Customers received a ‘current balance unavailable’ alert while trying to access the…
Germany’s central bank may need bailout to cover €650bn losses
Germany’s central bank may need a bailout to cover more than €650 billion in debt losses it racked up in a massive European Central Bank’s bond-buying program, the country’s federal…