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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.
Radicant's merger with Numarics is mischaracterized as a desperate move, despite expectations of strong growth in customer assets and numbers. Allegations of Radicant being a financial failure and having incurred a high loss are unfounded, as it continues to develop according to its business plan with rising earnings and customer deposits.
Interest rates for fixed deposit accounts and cash bonds currently exceed those of standard savings accounts, with average rates at 0.73% for one-year terms and 0.84% for ten-year terms. However, significant discrepancies exist among banks, with one-year rates ranging from 0.25% to 0.9%. Short-term investments of one to two years are particularly appealing alternatives to savings accounts, despite potential account management fees that could affect returns.
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.
In a strategic move, radicant bank ag and Numarics AG plan to merge, aiming to create a comprehensive banking, financial investment, and administration platform for private and SME clients. The merger, pending regulatory approval, will enhance service offerings and broaden the investor base, with BLKB as the main shareholder. Anton Stadelmann, former CEO of radicant, is set to lead the new entity, which will be headquartered in Liestal.
Liechtensteinische Landesbank reported a slight net profit increase to CHF 90.16 million for H1 2024, despite a decline in net interest income. Meanwhile, Mobilezone Holding AG, with a market cap of CHF 591.87 million, generated stable sales but experienced a slight drop in net profit, offering a 3.62% dividend yield. The Swiss market remains volatile, highlighting the importance of identifying strong dividend stocks for income growth.
Liechtensteinische Landesbank reported a slight net profit increase to CHF 90.16 million for H1 2024, despite a decline in net interest income. Mobilezone Holding AG, with a market cap of CHF 591.87 million, generated sales of CHF 727.71 million in Germany and CHF 291.80 million in Switzerland, offering a 3.62% dividend yield, though its dividends have been deemed unreliable over the past decade. Meanwhile, Banque Cantonale Vaudoise maintains a stable dividend yield of 4.83%, supported by a payout ratio of 78.7%, despite a slight decline in net profit.
Radicant, a subsidiary of Basellandschaftliche Kantonalbank (BLKB), is merging with fintech Numarics to enhance its offerings for small and medium-sized enterprises (SMEs) and private clients. The partnership aims to create a fully integrated suite of banking and administrative services, with a goal of achieving breakeven by 2027/2028. Anton Stadelmann will remain CEO, while Numarics co-founder Kristian Kabashi will become COO, as the merged entity seeks to broaden its market presence and investor base.
The Swiss Financial Market Supervisory Authority (FINMA) is seeking new powers to intervene in UBS during a crisis, allowing for the sale or winding down of individual business areas. This move aims to enhance stability and reduce reliance on full bank rescues, as seen in the Credit Suisse crisis. However, it may complicate UBS's integration of Credit Suisse and hinder its competitiveness against larger American banks.
Leonteq and Swiss private bank Bergos have announced a partnership to develop and distribute structured products through a white-label issuance model. Bergos will leverage Leonteq's technology platform to evaluate and trade products guaranteed by the bank, with the first offerings expected later this year, pending regulatory approvals. Bergos, based in Zurich, manages client assets totaling 7.3 billion Swiss francs and focuses on private wealth management.
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