FINMA opens bankruptcy proceedings against FinTech start-up SWISS4.0 SA - FX News Group

Mitel Set to File for Bankruptcy, Reports

Mitel is poised to file for Chapter 11 bankruptcy, according to Bloomberg sources.  The publication broke the story, reporting that the enterprise communications company could officially file for protection “as soon as next week.”  The bankruptcy follows reports that Mitel’s debt is rapidly losing value. Indeed, according to Bloomberg sources, the company’s $235 million first-lien term loan, set to mature in December 2025, is now trading for a f…

FINMA Declares Fintech Challenger Startup SWISS4.0 Bankrupt - Fintech Schweiz Digital Finance News - FintechNewsCH

The Swiss Financial Market Supervisory Authority (FINMA) has opened bankruptcy proceedings against the fintech startup SWISS4.0 SA due to serious liquidity issues and concerns over over-indebtedness. FINMA has appointed Valfor Avocats Sàrl as the bankruptcy liquidator. FINMA had been closely monitoring SWISS4.0 SA and had previously imposed measures to improve its financial position. However, the company and its management were unable to impleme…

The consolidation of the Swiss neo-banking landscape is underway. Various neo-banks are tipping out of the market, but for completely different reasons. Those who are on the jump – and those who have already said goodbye to CSX, Credit Suisse's digital flagship product, will not continue after the acquisition of the CS by UBS. At the moment, the app is still in operation – whether CSX is simply to be switched off or integrated into parts of the …

32 claims were received during the bankruptcy proceedings of the Ulstein company Oceantec.

FINMA opens bankruptcy proceedings against FinTech start-up SWISS4.0 SA - FX News Group

The Swiss Financial Market Supervisory Authority (FINMA) opened bankruptcy proceedings against FinTech start-up SWISS4.0 SA The post FINMA opens bankruptcy proceedings against FinTech start-up SWISS4.0 SA appeared first on FX News Group.