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A non-partisan committee led by SVP President Peter Riebli is pushing for an initiative to restrict Basellandschaftliche Kantonalbank (BLKB) to its core business, aiming to restore public trust amid concerns over its investments in the digital bank Radicant. The proposal includes capping executive salaries and limiting the bank's social policies, which critics argue could harm its profitability and growth. Initial political reactions are largely negative, with concerns that the initiative represents an excessive intervention in the bank's operations.
A non-partisan committee has launched a popular initiative urging Basellandschaftliche Kantonalbank (BLKB) to prioritize regional services and cap management salaries. The initiative seeks amendments to the Cantonal Banks Act, emphasizing local needs and limiting executive compensation, while BLKB plans to evaluate the potential impacts of these demands.
Radicant Bank plans to merge with Zurich fintech Numarics, backed by UBS, to enhance its banking and investment services for private and corporate clients. The merger, pending regulatory approval, aims to simplify administration and expand offerings, with BLKB becoming the majority shareholder. Anton Stadelmann will lead the new company, headquartered in Liestal, as CEO.
UBS has become an investor in the neo-bank Radicant, although the investment is not direct. This stake arises from UBS's merger with FinTech Numarics, highlighting the bank's strategic move into the digital banking sector.
Radicant, a subsidiary of Basellandschaftliche Kantonalbank (BLKB), is merging with fintech Numarics to enhance its offerings for SMEs and private customers. The merger, pending approval from the Swiss Financial Market Supervisory Authority, aims to create a comprehensive banking and financial platform, with Radicant's CEO Anton Stadelmann leading the new entity based in Liestal.
BLKB's subsidiary Radicant is merging with fintech Numarics to enhance its offerings for private customers and SMEs, aiming for break-even by 2027/28. The merger will expand Radicant's services in sustainable banking and investment, while broadening its investor base with venture capital firms. Radicant's CEO Anton Stadelmann will continue to lead the combined entity, which will also see a new six-member Board of Directors.
BLKB's subsidiary Radicant is merging with fintech Numarics to enhance its offerings for private customers and SMEs, aiming for break-even by 2027/28. The merger will expand Radicant's services in sustainable banking and investment, while broadening its investor base with participation from venture capital firms. Radicant will continue under CEO Anton Stadelmann, with a new six-member Board of Directors formed from both companies.
Radicant and Numarics AG are merging to enhance their offerings for private individuals and SMEs, creating a platform that integrates banking, investment, and digital administration. The new entity will provide comprehensive financial services, including bookkeeping and digital bank accounts, under the Radicant name, with Anton Stadelmann as CEO. Basellandschaftliche Kantonalbank remains the main shareholder, alongside investors like UBS, as Radicant seeks to alleviate its financial burdens while expanding its services.
Numarics AG and radicant bank ag, both subsidiaries of Basellandschaftliche Kantonalbank (BLKB), have announced plans to merge, pending regulatory approval. This merger aims to create a comprehensive banking and financial services platform for private and SME clients, enhancing their offerings and market presence. BLKB will remain the majority shareholder, with additional investments from venture capital firms.
Radicant, the digital bank of Basellandschaftliche Kantonalbank (BLKB), is merging with Zurich-based fintech Numarics to enhance its service offerings for private clients and SMEs. The merger aims to broaden revenue streams and achieve breakeven by 2027/2028, with BLKB becoming the majority shareholder. Anton Stadelmann will lead the new company, which will be based in Liestal.
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