BankingChallenges

Citigroup Faces Challenges Amid Trump’s Influence and Cryptocurrency Volatility

1 month ago

In a tumultuous financial landscape, Citigroup is grappling with the aftermath of the Trump administration and the unpredictable nature of the cryptocurrency market, particularly with Dogecoin. As the United States’ "go-to" bank for many high-profile clients, including some with ties to former President Donald Trump, Citi is navigating complex waters that could impact its reputation and business trajectory.

UBS Faces Gradual Hit on Swiss Capital as Analysts Weigh In

3 months ago

UBS Group AG is bracing for a significant impact on its capital base in Switzerland, which analysts predict will unfold gradually rather than all at once. This forecast comes in the wake of a series of regulatory changes and potential financial challenges that the bank may encounter in 2025 and beyond.

Swiss Bank Mirabaud Closes Brokerage Unit Following Dismal Performance

7 months ago

In a significant development within the financial sector, the renowned Swiss bank Mirabaud has announced the closure of its brokerage unit due to underwhelming performance. This strategic move underscores the ongoing challenges faced by financial institutions in an increasingly competitive environment.