UK government doubles down on lobbying defence
FILE PHOTO: The logo of Greensill Bank is pictured in downtown Bremen, Germany, July 3, 2019. REUTERS/Fabian Bimmer//File Photo reuters tickers
This content was published on April 18, 2021 - 11:58
April 18, 2021 - 11:58
LONDON (Reuters) - Britain s government doubled down on its defence against accusations of cronyism on Sunday, arguing that former leader David Cameron failure to get support for finance firm Greensill Capital showed its lobbying rules were pretty good .
Questions over whether former ministers and civil servants are granted easy access to the Conservative government have been raised by the behaviour of Cameron and other officials.
Swiss banks queuing up to jump on blockchain train
Digital bank Swissquote is expanding its crypto business by delving into the new world of blockchain-compliant digital assets. It appears that they are not alone: several high street banks also plan to launch “tokenization” services.
This content was published on April 13, 2021 - 09:45
April 13, 2021 - 09:45
Matthew Allen
When not covering fintech, cryptocurrencies, blockchain, banks and trade, swissinfo.ch s business correspondent can be found playing cricket on various grounds in Switzerland - including the frozen lake of St Moritz.
Swissquote is teaming up with digital assets service provider Taurus to allow clients to issue and invest in tokenized assets. Blockchain - or other distributed ledger technology systems - promises to simplify the process of creating a wide range of assets, from company shares to fine wines and traditional securities, and to speed up transactions.
Credit Suisse / Archegos: music stops for prime broking
Members of Credit Suisse’s executive committee will themselves get no short-term bonuses for 2020 or long-term awards for 2021 Keystone / Peter Klaunzer
In musical chairs, players whose seats are filched sometimes sit on the floor with a bump. This was the undignified position of Credit Suisse announcing a stiff CHF4.4 billion ($4.7 billion) impairment.
This content was published on April 6, 2021 - 14:46
April 6, 2021 - 14:46
Lex column in the Financial Times
The implosion of US family office client Archegos has obliterated 18 months of average net profits and cost two senior executives their jobs. Agile Wall Street banks, such as Goldman Sachs and Morgan Stanley, appear to have escaped unscathed. But the stability of systemically important banks should not rely on a talent for party games.