Sight deposits held by the Swiss National Bank declined last week, data showed on Monday, suggesting that Credit Suisse and UBS may have cut back on use of emergency funds offered them to facilitate their planned merger. Total sight deposits – meaning commercial bank cash held by the central bank overnight – fell to 563.566 […]
Credit Suisse
The Fintech reckoning was bound to happen. The industry has been growing steadily since the 2008 financial crisis, but the COVID-19 pandemic was the leading enabler of forced integration into a fragile economic situation. The quicker they climb, the harder they fall. Financial technology (Fintech) has been a growing industry since the late 1960s, even […]