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

0xMain
March 27, 2023

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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....

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

0xMain
March 21, 2023

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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...

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Coinbase offered Circle $3b credit line to repeg USDC

0xMain
March 21, 2023

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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...

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Crypto-friendly bank offers to rescue Credit Suisse

0xMain
March 19, 2023

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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...

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BlackRock is not interested in buying Credit Suisse

0xMain
March 19, 2023

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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...