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Business

“Swiss pharma giant Roche agrees $7.1 billion deal to buy Telavant Holdings”

“Swiss health care company Roche on Monday announced it would acquire Telavant Holdings in a $7.1 billion transaction. Telavant produces drugs for people suffering from inflammatory and fibrotic diseases and is in the process of developing a “promising new therapy”… Continue Reading…

Banking

“UBS Is the Biggest Winner From Banking Turmoil With $35 Billion Gain”

UBS the Swiss bank that took over Credit Suisse in March, appears to be the biggest winner so far from the turmoil that has rocked bank stocks this year. UBS joins JPMorgan Chase (JPM), HSBC (HSBC) and First Citizens (FCNCA)… Continue Reading…

Cryptocurrencies

“Crypto firm Ripple buys Swiss startup as SEC crackdown forces companies to consider overseas moves”

“Blockchain firm Ripple said Wednesday it has acquired Metaco, a Swiss firm that holds digital assets securely on behalf of clients, in a bid to expand its international footprint and broaden its range of services. News of the deal, one… Continue Reading…

Banking

“Credit Suisse whistleblowers say Swiss bank has been helping wealthy Americans dodge U.S. taxes for years”

“Credit Suisse, the collapsed Swiss bank taken over by UBS Group in a hastily arranged bailout earlier this month, may bring with it a fresh set of regulatory and legal problems for its new owner. For years, the bank has… Continue Reading…

Banking

“Swiss central bank posts biggest loss in its 116-year history”

“The Swiss National Bank on Monday reported a loss of 132 billion Swiss francs ($143 billion) for the 2022 financial year, citing preliminary figures. It represents the biggest loss in the central bank’s 116-year history and equates to roughly 18%… Continue Reading…