news headlines
▌UBS acquires Credit Suisse for 3 billion Swiss francs
UBS today announced the acquisition of Credit Suisse for 3 billion Swiss francs. UBS' Acquisition of Credit Suisse Both UBS and Credit Suisse will have unlimited access to the Swiss National Bank's existing facilities. The acquisition was made possible with the support of the Swiss Federal Government, the Swiss financial market regulator FINMA and the Swiss National Bank. The SNB said it could provide 100 billion Swiss francs in liquidity support loans to Credit Suisse with federal default guarantees.
policies
▌Buffett and Biden administrations are communicating on banking crisis
Warren Buffett, chairman of Berkshire Hathaway Inc., has been holding talks with senior Biden administration officials as regional banking
The crisis continues to escalate. In 2011, Bank of America Corporation received a capital infusion from Buffett after its shares plummeted following losses related to subprime mortgages. Buffett founded Goldman Sachs Group Inc. to shore up the bank after the collapse of Lehman Brothers Holdings Inc. in 2008. Also inserted a $5 billion lifeline. Buffett has also made a $12 billion bet on Bank of America. (Bloomberg)
▌Federal Reserve: Global central banks will increase liquidity through dollar swap agreements
The Federal Reserve said that to improve the effectiveness of US dollar swap agreements, the central banks currently involved have agreed to increase the frequency of these currency swap operations from weekly to daily, and the increase will be implemented on Monday. The operation has started and will continue till at least the end of April. The Fed said the US Federal Reserve and the UK, Canada, Japan, the European Central Bank and the Swiss National Bank also coordinated to increase the supply of liquidity through US dollar liquidity swap lines.
action is announced.
blockchain application
▌Bandai Namco's Web3 Metaverse Fund invests in game studio Supergaming
Japanese game publisher Bandai Namco Entertainment has launched its "Bandai Namco Entertainment 021 Fund". Web3 Metaverse Fund's Bandai Namco Entertainment to invest in Supergaming, a game studio collaborating with Google Cloud, said in a statement that the investment will further expand its business in the Asian IP market.
Although the amount of this investment is not publicly disclosed, the fund typically invests between 10 million yen and 500 million yen. Bandai Namco Entertainment 021 Fund was established in April last year. It mainly supports start-up companies that want to enter the "IP universe". manufactures. It has also previously invested in DeepMotion, a digital character solution that provides AI-powered motion capture and real-time body tracking.
cryptocurrency
▌Cryptocurrency ATM Service Attacked
According to the official Twitter of General Bytes, the General Bytes cryptocurrency ATM service was attacked on March 17 and 18. The attacker used the upload interface to the system to upload and run a malicious Java program, which gave him user privileges that allowed him to access the funds. Wallet on System. According to data from Slow Mist Misttrack, around US$1.8 million in damage has been caused.General Bytes previously experienced a security incident in August 2022, but officials did not disclose whether any cryptocurrency was stolen.