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Switzerland's finance regulator, Finma, under CEO Walter, is taking a tough stance on banking oversight, particularly targeting UBS with potential capital requirements of up to $25 billion. Walter's assertive approach marks a shift from the previous leniency, aiming to restore confidence in Swiss finance post-Credit Suisse's collapse. His push for stricter regulations and transparency reflects a growing public demand for accountability in the financial sector.
Raiffeisen Bank International shares hit a new 52-week high of $7.25, closing at $6.94 with a market cap of $9.13 billion and a P/E ratio of 3.73. The bank recently increased its dividend to $0.2983 per share, up from $0.22, with a payout ratio of 10.75%. Barclays upgraded the stock to a "strong-buy" rating, although it was not listed among the top recommended stocks by leading analysts.
Raiffeisen Bank International (RBI) faces criticism for allegedly supporting Russia amid the ongoing conflict, particularly through its involvement in banknote trading. The bank asserts that cash shipments to Russia ceased immediately after the war began on February 24, 2022. Despite the challenging security environment, RBI will continue to supply Ukraine with foreign currency banknotes to bolster its financial system.
Raiffeisenbank Russia faces a significant legal challenge as a St. Petersburg court rejected its appeal against a Kaliningrad court's temporary injunction. The bank must prepare for an appeal hearing on April 24 regarding a €2.044 billion lawsuit from Rasperia Trading Limited, linked to EU sanctions against Russian oligarch Oleg Deripaska. If the appeal fails, Rasperia could access Raiffeisenbank's funds, complicating the transfer of STRABAG shares due to existing sanctions.
Raiffeisenbank Russia faces a significant legal challenge as its appeal against a Kaliningrad court's ruling, which could require it to pay Rasperia Trading Limited €2.044 billion and transfer STRABAG shares, is set for a hearing on April 24. The case stems from Rasperia's claims related to EU sanctions against its former owner, Oleg Deripaska, and highlights the complex legal entanglements involving Raiffeisen's connections to STRABAG. Meanwhile, RBI shares dropped 1.62% amid ongoing uncertainties.
Raiffeisenbank Russia faced a setback in court as its appeal against a sales prohibition was rejected, with a crucial hearing set for April 24 regarding a €2.044 billion lawsuit from Rasperia Trading Limited, linked to EU sanctions against its former owner, Oleg Deripaska. If the appeal fails, Rasperia could access funds from the bank, complicating the share transfer process due to EU restrictions. The case highlights the intricate ties between the parties involved, particularly through Raiffeisen-Holding Niederösterreich-Wien.
Xpeng, the Chinese electric vehicle manufacturer, has denied rumors of an agreement with Magna Steyr for vehicle assembly in Austria. This speculation emerged amid an EU investigation into subsidies for Chinese EVs, which could result in increased import tariffs, prompting calls for local production.
Raiffeisen International transferred billions to Russia just before the onset of the war in Ukraine. Significant cash shipments reportedly arrived in Moscow on the very day of the invasion, raising concerns about the timing and implications of these financial movements.
Raiffeisenbank Russia faced another legal setback as a St. Petersburg court rejected its appeal against a temporary injunction preventing ownership changes, linked to a billion-euro lawsuit from Rasperia Trading Limited, a shareholder in Strabag. A decisive appeal hearing is set for April 24, where the court will determine if the bank must pay 2.044 billion euros in damages and transfer Strabag shares, complicated by EU sanctions against Rasperia. The case stems from a dispute over sanctions related to Russian oligarch Oleg Deripaska, with the lawsuit targeting Raiffeisenbank based on its connection to Raiffeisen-Holding.
Raiffeisen Bank International's share price has surged past EUR 20, but an overbought market may lead to a short-term correction, potentially dropping to EUR 22.50 or even EUR 20, which could present a buying opportunity. The long-term trend remains positive, supported by a solid P/E ratio of 4.5 and a dividend yield of 6.4%. Investors are advised to monitor the 200-day moving average at EUR 19.25 for support.
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switzerland's finance regulator challenges banking elite amid rising capital demands
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