Private Swiss Bank Falcon Group Offers Bitcoin Asset Management

Private Swiss Bank Falcon Group Offers Bitcoin Asset Management

On July 12 the Switzerland-based private bank Falcon Group announced the bank will offer bitcoin asset management for their customers. Through a partnership with Bitcoin Suisse AG, the bank’s clients will be able to purchase and store the decentralized currency using their account funds. Falcon Group Becomes the First Swiss Private Bank to Offer XBT/BTC....


Related News

Falcon Private Bank Singapore Branch Shut Down Over Money Laundering Concerns

There is more trouble brewing for banks active in Singapore, though. A final assessment of Standard Chartered Bank is expected to be revealed soon. The financial relationship between Switzerland and Singapore has come under even more pressure than before. Singapore central bank officials forced Falcon Private Bank to shut down immediately. This is a direct result of the ongoing money-laundering operations in the country, and Falcon Private Bank is the second Swiss financial institution forced to close its doors. The Monetary Authority of Singapore has ordered the local branch of Falcon....

UBS to Open Blockchain Innovation Lab in London

Giant Swiss bank UBS is planning to investigate blockchain technology in a new innovation lab based in London, FInextra reports. The innovation lab, located in Level39's high growth space, HighGrowth:42, will explore the role of blockchain technology in financial services. UBS, a Swiss global financial services company with its headquarters in Basel and Zürich, Switzerland, provides investment banking, asset management and wealth management services for private, corporate, and institutional clients worldwide. Operating in more than 50 countries with about 60,000 employees around the world,....

SVB Financial Group Places Cryptic Bitcoin Message in Annual Report

Late Thursday evening when Gil Luria of Wedbush Securities and Iannounced on Twitterthat Fortress Investment Group (NYSE: FIG) is probably the first public company to purchase and hold Bitcoin, there was an additional filing that same evening I made note to review. This filing with the Securities and Exchange Commission was theannual report (10K) for SVB Financial Group. SVB Financial Group offers "diversified financial services through Silicon Valley Bank, SVB Analytics, SVB Capital, SVB Global and SVB Private Bank, SVB Financial Group {which} provides clients with commercial, investment,....

UBS Launches Future of Finance Challenge for Fintech Entrepreneurs and Startups

In April, Bitcoin Magazine reported that UBS was planning to investigate blockchain technology in a new innovation lab based in London. The innovation lab located in Level39, Europe's largest technology accelerator space for finance and cyber-securities, focuses on exploring the role of blockchain technology in financial services. "Our innovation lab at Level39 will provide a unique platform to explore emerging technologies such as blockchain and cryptocurrencies, and to understand the potential impact for the industry," said UBS Group CIO Oliver Bussmann. UBS, a Swiss global financial....

Will Bitcoin Replace Swiss Bank Accounts as Next Safe Asset?

Despite its volatility, Bitcoin has been the best performing currency in the world for 5 of the past 6 years. The rapidly increasing value of the digital currency and its decentralized nature have led it to be considered as the global safe asset for investors and traders. For decades, Swiss bank accounts were the ideal global asset for most entrepreneurs and investors, due to its anonymity and privacy. Prior to the formation of a contract between the EU and Switzerland, anyone could open Swiss bank accounts, store funds and be free of all tax obligations. The end of the Swiss banks era.....