Swiss Financial Market Supervisory Authority

CREDIT SUISSE ALERT: Bragar Eagel & Squire, P.C. Announces that a Class Action Lawsuit Has Been Filed Against Credit Suisse Group AG and Encourages Investors to Contact the Firm

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Friday, March 10, 2023

Investors have until May 8, 2023 to apply to the Court to be appointed as lead plaintiff in the lawsuit.

Key Points:

Investors have until May 8, 2023 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
Credit Suisse, together with its subsidiaries, provides various financial services in Switzerland, Europe, the Middle East, Africa, the Americas, and Asia Pacific.
Following Defendant Lehmann’s statements, Credit Suisse’s ADS price rose $0.29 per ADS, or 9.36%, to close at $3.38 per ADS on December 2, 2022.
Throughout the Class Period, Defendants made materially false and misleading statements regarding the Company’s business, operations, and compliance policies.

Shareholder Alert: Robbins LLP Informs Investors of Class Action Against Credit Suisse Group AG (CS)

Retrieved on:

Thursday, March 9, 2023

The Class: Robbins LLP informs investors that a shareholder filed a class action on behalf of all persons and entities that purchased or otherwise acquired Credit Suisse Group AG (NYSE: CS) securities between December 1, 2022 and February 17, 2023, for violations of the Securities Exchange Act of 1934. Credit Suisse, together with its subsidiaries, provides various financial services in Switzerland, Europe, the Middle East, Africa, the Americas, and Asia Pacific.

Key Points:

The Class: Robbins LLP informs investors that a shareholder filed a class action on behalf of all persons and entities that purchased or otherwise acquired Credit Suisse Group AG (NYSE: CS) securities between December 1, 2022 and February 17, 2023, for violations of the Securities Exchange Act of 1934. Credit Suisse, together with its subsidiaries, provides various financial services in Switzerland, Europe, the Middle East, Africa, the Americas, and Asia Pacific.
What Now: Similarly situated shareholders may be eligible to participate in the class action against Credit Suisse.
Shareholders who want to act as lead plaintiff for the class must file their papers by May 8, 2023.
A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

INVESTOR DEADLINE: Credit Suisse Group AG Investors with Substantial Losses Have Opportunity to Lead the Credit Suisse Class Action Lawsuit - CS

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Thursday, March 9, 2023

Class Action Lawsuit, Professional Services, Legal, CS, Interview, Credit Suisse, NYSE, News, Reuters, Risk, Credit, Risk management, Swiss Financial Market Supervisory Authority, CASE, Financial Times, Tobacco, Cryptocurrency

), the Credit Suisse class action lawsuit charges Credit Suisse and certain of its top executives with violations of the Securities Exchange Act of 1934.

Key Points:

), the Credit Suisse class action lawsuit charges Credit Suisse and certain of its top executives with violations of the Securities Exchange Act of 1934.
THE LEAD PLAINTIFF PROCESS: The Private Securities Litigation Reform Act of 1995 permits any investor who purchased or acquired Credit Suisse securities during the Class Period to seek appointment as lead plaintiff of the Credit Suisse class action lawsuit.
A lead plaintiff acts on behalf of all other class members in directing the Credit Suisse class action lawsuit.
An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff of the Credit Suisse class action lawsuit.

The First Ever Cascade of Initial Public Offerings (IPOs) Will Be Launched in November, in New York, During the IPO Conference

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Tuesday, February 14, 2023

Creativity, Safety, News, Initial public offering, FC Kramatorsk, Swiss Financial Market Supervisory Authority, Javits Center, Patent, Conference, Calendar, CFO, IPO, Security (finance), Online shopping

This will be a game changer for the industry," said Dourgam Kummer, CFO of Swiss Financiers.

Key Points:

This will be a game changer for the industry," said Dourgam Kummer, CFO of Swiss Financiers.
The cascade of IPOs will feature a diverse range of companies from various industries, offering investors a unique chance to diversify their portfolios.
We believe that this cascade of IPOs will open doors for many companies and provide investors with exciting new opportunities."
The IPO Conference, which is organized by IPO Institute, is one of the most highly-anticipated events in the public market industry calendar.

BX Swiss lays the technical foundation for the future of regulated trading of tokenized securities

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Sunday, December 18, 2022

Ethereum, CBDC, Swiss National Bank, Blockchain, BX Swiss, BX, Credit Suisse, SIC, CMTA, CFO, Swiss Financial Market Supervisory Authority, Interbank, Market, SME, Pictet, Cryptocurrency, Vontobel

Together with major Swiss banks, the Swiss stock exchange BX Swiss is taking the financial market infrastructure for tokenized securities to the next level.

Key Points:

Together with major Swiss banks, the Swiss stock exchange BX Swiss is taking the financial market infrastructure for tokenized securities to the next level.
In a test, trades on BX Swiss were settled for the first time directly in Swiss francs via a decentralized public-blockchain.
In the process, structured products were issued by the Swiss banks Credit Suisse, Pictet and Vontobel in tokenized form as ledger-based securities on the Ethereum test blockchain and subsequently traded via the BX Swiss trading platform.
With the proof of concept, BX Swiss was already able to successfully test the technical basis for the settlement of trades in tokenized securities against Swiss francs with various banks.

AltoVita Secures $9.5M Series A Investment to Redefine Corporate Accommodation Technology Across the Globe

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Monday, December 5, 2022

AltoVita has secured investment in a market which has seen less than 2% VC funding in 2022 going to businesses led by women.

Key Points:

AltoVita has secured investment in a market which has seen less than 2% VC funding in 2022 going to businesses led by women.
Vivi Cahyadi Himmel, CEO and co-founder at AltoVita, commented: AltoVita is setting a new standard with a fresh, modern and agile approach when it comes to corporate accommodation technology.
The partnership with Fifth Wall will unlock immense real estate opportunities to provide unique inventories to meet our corporate demand globally.
Our recent investment will give AltoVita the firepower to scale its vision into new markets, and continue to develop its seamless solution for the fragmented corporate accommodation sector.

Klarpay AG builds a Cloud-Based Infrastructure to automate its services

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Wednesday, December 7, 2022

Cloud, Amazon Elastic Compute Cloud, Social media, API, IBAN, Article, Advertising, Swiss Financial Market Supervisory Authority, AWS Lambda, Amazon, AWS, Amazon Web Services, FINMA, Online shopping, Cryptocurrency

ZUG, Switzerland, Dec. 7, 2022 /PRNewswire/ -- Swiss fintech Klarpay AG chose to build its cloud-based infrastructure using Amazon Web Services (AWS). The company focused on high-value tasks, including improving its banking product by developing new features such as scalable and API-enabled transactional capabilities instead of using its resources to maintain a data center. Christos Alatzidis, Klarpay co-founder and CTO, states: "Paytech is evolving at a rapid rate, so it is crucial to be able to meet the demand. Creating an automated, scalable product means our merchant clients can reliably conduct transactions regardless of any unexpected traffic spikes, and our team can focus on upscaling our product."

Key Points:

ZUG, Switzerland, Dec. 7, 2022 /PRNewswire/ -- Swiss fintech Klarpay AG chose to build its cloud-based infrastructure using Amazon Web Services (AWS).
Christos Alatzidis, Klarpay co-founder and CTO, states: "Paytech is evolving at a rapid rate, so it is crucial to be able to meet the demand.
Approximately 20 different AWS services are used by Klarpay's cloud-based infrastructure.
Klarpay AG is a leading fintech company offering online businesses access to multi-currency IBAN accounts, global payment acceptance, and digital disbursement solutions.

Klarpay AG builds a Cloud-Based Infrastructure to automate its services

Retrieved on:

Wednesday, December 7, 2022

ZUG, Switzerland, Dec. 7, 2022 /PRNewswire/ -- Swiss fintech Klarpay AG chose to build its cloud-based infrastructure using Amazon Web Services (AWS). The company focused on high-value tasks, including improving its banking product by developing new features such as scalable and API-enabled transactional capabilities instead of using its resources to maintain a data center. Christos Alatzidis, Klarpay co-founder and CTO, states: "Paytech is evolving at a rapid rate, so it is crucial to be able to meet the demand. Creating an automated, scalable product means our merchant clients can reliably conduct transactions regardless of any unexpected traffic spikes, and our team can focus on upscaling our product."

Key Points:

ZUG, Switzerland, Dec. 7, 2022 /PRNewswire/ -- Swiss fintech Klarpay AG chose to build its cloud-based infrastructure using Amazon Web Services (AWS).
Christos Alatzidis, Klarpay co-founder and CTO, states: "Paytech is evolving at a rapid rate, so it is crucial to be able to meet the demand.
Approximately 20 different AWS services are used by Klarpay's cloud-based infrastructure.
Klarpay AG is a leading fintech company offering online businesses access to multi-currency IBAN accounts, global payment acceptance, and digital disbursement solutions.

Klarpay AG expands its international payments by enabling USD and GBP accounts

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Monday, November 14, 2022

GBP, SEPA, Article, FX, IBAN, Social media, Swiss Financial Market Supervisory Authority, Dashboard, FINMA, API, USD, Solution, Bank, Cryptocurrency

ZUG, Switzerland, Nov. 14, 2022 /PRNewswire/ -- Klarpay AG marks a significant expansion of its international payment capabilities with the launch of dedicated USD and GBP Accounts. This addition enables digital companies, including online merchants, ad networks, marketplaces, and influencers, to collect and disburse USD and GBP payments globally via their corporate Klarpay account.

Key Points:

Extending its commitment to empowering digital businesses through borderless, scalable, bespoke business accounts and payment solutions, Klarpay AG enables USD and GBP Accounts.
ZUG, Switzerland, Nov. 14, 2022 /PRNewswire/ -- Klarpay AG marks a significant expansion of its international payment capabilities with the launch of dedicated USD and GBP Accounts.
This addition enables digital companies, including online merchants, ad networks, marketplaces, and influencers, to collect and disburse USD and GBP payments globally via their corporate Klarpay account.
Our clients can now store funds, accept payments, and send payouts in USD and GBP in addition to using Klarpay's extensive cross-currency payments and FX network."

Klarpay AG expands its international payments by enabling USD and GBP accounts

Retrieved on:

Monday, November 14, 2022

GBP, SEPA, Article, FX, IBAN, Social media, Swiss Financial Market Supervisory Authority, Dashboard, FINMA, API, USD, Solution, Bank, Cryptocurrency

ZUG, Switzerland , Nov. 14, 2022 /PRNewswire/ -- Klarpay AG marks a significant expansion of its international payment capabilities with the launch of dedicated USD and GBP Accounts. This addition enables digital companies, including online merchants, ad networks, marketplaces, and influencers, to collect and disburse USD and GBP payments globally via their corporate Klarpay account.

Key Points:

Extending its commitment to empowering digital businesses through borderless, scalable, bespoke business accounts and payment solutions, Klarpay AG enables USD and GBP Accounts.
ZUG, Switzerland, Nov. 14, 2022 /PRNewswire/ -- Klarpay AG marks a significant expansion of its international payment capabilities with the launch of dedicated USD and GBP Accounts.
This addition enables digital companies, including online merchants, ad networks, marketplaces, and influencers, to collect and disburse USD and GBP payments globally via their corporate Klarpay account.
Our clients can now store funds, accept payments, and send payouts in USD and GBP in addition to using Klarpay's extensive cross-currency payments and FX network."