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The firm’s Chairman Axel Lehmann declined to comment on whether it will need assistance from the government in the future, he highlighted that the bank has no problems as it has good return capital ratios. With the banking industry in the United States currently experiencing financial strain, there may be a
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The management of the company, in a statement, said that it will be wise to postpone the publication for a short period of time to examine and understand more completely the comments received. Credit Suisse recently announced that it is planning to postpone the emergence of its annual 2022 report following
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Bitcoin mining firm Marathon Digital has paid off its term loan and terminated its credit facilities with crypto-friendly Silvergate Bank, just as the bank announced it will be winding down operations.Marathon announced on Mar. 8 that it had prepaid its outstanding loan balance earlier that day, and would be terminating
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Marathon said that on March 8, the term loan prepayment was completed, and the company’s credit facilities with Silvergate Bank were terminated, reducing its debt by $50 million, according to a statement. The debt paydown also increased its unrestricted bitcoin holdings by 3,132 as the bitcoin that was being held
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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
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United Kingdom babanks HSBC Holdings and Nationwide Building Society are banning cryptocurrency purchases via credit cards for retail customers. They join a growing list of banks in the country to tighten restrictions on digital assets. A Bloomberg report on March 2 claims the step back is a response to warnings by
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Digital asset infrastructure provider Taurus has secured millions of U.S. dollars in investment from major banking institutions. The successful funding round comes in the aftermath of negative developments in the crypto space, indicating that large players from traditional finance remain engaged with the market despite its woes. Credit Suisse, Deutsche Bank
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Taurus, a digital asset infrastructure provider for financial institutions in Europe, has raised $65 million in a Series B capital raise led by Credit Suisse. The funding round also saw participation from several other institutional investors, including Deutsche Bank, Pictet Group, Cedar Mundi Ventures, Arab Bank Switzerland, and Investis. According to
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Taurus says it works with more than 25 financial institutions, including Credit Suisse and Deutsche Bank, as well as Arab Bank Switzerland and Pictet Group, who also joined the funding round. Taurus offers custody, tokenization and trading of digital assets, including support for staking, decentralized finance (DeFi). Original Source
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MoonPay has a similar partnership in place with NFT marketplace LooksRare. Original Source
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