Private Swiss Bank Falcon Group Offers Bitcoin Asset Management

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....

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,....

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,....

It was reported earlier this week by Bloomberg that private investment fund Falcon Global Capital had closed its bitcoin fund due to the digital currency's slowing demand. While the fund has indeed ceased, Falcon CEO Brett Stapper is claiming that demand had little to do with the decision, and that it was rather a planned move following Falcon customers' lagging eagerness to have their bitcoins managed by a third party, and that closing the fund gives Falcon the opportunity to place more focus and attention on their latest consulting service which has experienced rising popularity since....

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....