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Radicant Bank, launched by Basellandschaftliche Kantonalbank (BLKB) in 2023, faces political scrutiny and a potential takeover by a Swiss investor group amid a growing initiative to refocus the bank on the Basel region. With costs reaching CHF 90 million and a merger with Numarics on the horizon, the future of Radicant remains uncertain as it navigates both market challenges and political pressures.
Basellandschaftliche Kantonalbank is increasing its 0.875% bond maturing in 2026 by CHF 65 million, raising the total amount to CHF 300 million. The bond, with an issue price of 100.527% and a yield to maturity of 0.591%, will be listed on SIX from December 13, 2024. Maturity is set for October 30, 2026, with a payment date of December 16, 2024.
UBS has strategically reduced its stake in the fintech Numarics by facilitating its merger with Basellandschaftliche Kantonalbank's Radicant subsidiary. This move allows UBS to distance itself from potential risks associated with Numarics, while the fintech continues to expand its digital offerings in the fiduciary sector. The merger is expected to be finalized, shifting the risk from Zurich to Liestal, the headquarters of Baselland-KB.
Basellandschaftliche Kantonalbank has reopened its 0.75% bond maturing in 2028, increasing the total amount to CHF 300 million with a new issuance of CHF 115 million. The bond features a coupon of 0.75%, an issue price of 100.641%, and a yield of 0.552%, with a maturity of 3.278 years until March 30, 2028. The bond will be quoted on SIX starting December 19, 2024, with an ISIN of CH0274314787.
Basellandschaftliche Kantonalbank (BLKB) is increasing its 0.75% bond maturing in 2028 by CHF 115 million, raising the total amount to CHF 300 million. The bond, with an issue price of 100.641% and a yield to maturity of 0.552%, will be listed on SIX from December 19, 2024. Payment is scheduled for December 20, 2024.
Inflation in the eurozone is on the rise, prompting potential shifts in ECB monetary policy, according to T. Rowe Price's Chief Economist. Meanwhile, Lombard Odier faces serious money laundering charges, and UBS is urged to increase capital requirements to mitigate risks of winding up. The DAX index has surpassed 20,000 points for the first time, while the eurozone unemployment rate remains at a record low of 6.3%.
Basellandschaftliche Kantonalbank (BLKB) has joined the Asset Management Association, increasing the number of cantonal banks in the organization to nine. Founded in 1864, BLKB is one of Switzerland's oldest cantonal banks. Following the announcement, BLKB shares saw a temporary decline of 0.47%, trading at 848 francs.
Basellandschaftliche Kantonalbank (BLKB) has joined the Asset Management Association Switzerland (AMAS), increasing the number of cantonal bank members to nine. This move highlights the growing importance of asset management for Swiss banks, with BLKB expanding its income through collective capital investments and institutional mandates. The bank, founded in 1864, aims to influence the regulatory framework while enhancing its presence in the asset management sector.
Basellandschaftliche Kantonalbank (BLKB) has joined the Asset Management Association Switzerland (AMAS), increasing the number of cantonal banks in the organization to nine. BLKB, which has diversified its income through collective capital investments and institutional mandates, offers 14 investment products and aims to influence the regulatory framework in asset management. Founded in 1864, BLKB employs around 1,000 people and operates 24 branches.
Basellandschaftliche Kantonalbank (BLKB) has joined the Asset Management Association, increasing the number of cantonal banks in the organization to nine. Established in 1864, BLKB is recognized as one of Switzerland's oldest cantonal banks.
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