{
CHE

Country

}
Basel-Stadt increases BKB state guarantee contribution amid balance sheet growth
The cantonal government of Basel-Stadt has increased the annual contribution for Basler Kantonalbank (BKB) to benefit from the state guarantee, raising it from CHF 10.2 million to CHF 15.2 million for the period between 2025 and 2028. This adjustment is attributed to the growth in BKB's balance sheet total.
Allnews
Swiss Franc Basler Kantonalbank CHE
TradFi, Press Release
08:09 16.10.2024
ubs customer service fails to assist elderly client with account inquiry
UBS is tightening its customer service protocols, requiring in-person visits or app usage for account inquiries. A son seeking information for his elderly mother faced difficulties despite providing correct identification details, only to later discover a simpler solution involving a notary. This incident highlights potential issues in customer service that could impact the bank's reputation. Meanwhile, Hong Kong is projected to surpass Switzerland as the leading offshore wealth hub by 2028, with significant growth in global offshore assets.
insideparadeplatz.ch
Swiss Franc United States Dollar UBS SA CHE
TradFi, News Article
07:59 16.10.2024
Basler Kantonalbank to face increased state guarantee payments from 2025
Basler Kantonalbank will see a significant increase in its annual compensation payment for the state guarantee, rising from 10.2 million francs to 15.2 million francs from 2025 to 2028. This adjustment reflects the bank's larger balance sheet and aims to mitigate the canton’s risk while addressing BKB's financing cost advantage to prevent competition distortion.
finews.com
Swiss Franc Basler Kantonalbank CHE
Finance & Economy, News Article
07:50 16.10.2024
bank increases state guarantee compensation by 5 million in basel-stadt
BKB will increase its payment for the state guarantee by 5 million, as determined by the Government Council of the Canton of Basel-Stadt. This compensation addresses the canton’s liability for the bank's debts in case of bankruptcy and considers the bank's cost advantage to prevent competitive distortions.
Südostschweiz
BKB Avocats SA CHE
TradFi, Press Release
07:37 16.10.2024
Basler Kantonalbank state guarantee compensation set at 15.2 million CHF annually
The Government Council has set the annual compensation for the BKB state guarantee at CHF 15.2 million for the years 2025 to 2028, an increase of CHF 5.0 million from the previous period due to growth in total assets. The Canton of Basel-Stadt remains liable for BKB's debts in case of bankruptcy, ensuring the bank can finance itself more favorably on the capital market.
Börse Express
Swiss Franc Basler Kantonalbank CHE
TradFi, Press Release
07:01 16.10.2024
Basler Kantonalbank state guarantee compensation set at 15.2 million CHF annually
The Government Council of the Canton of Basel-Stadt has set the annual compensation for Basler Kantonalbank's state guarantee at CHF 15.2 million for the years 2025 to 2028, reflecting a CHF 5.0 million increase from the previous period due to asset growth. This guarantee ensures the canton is liable for BKB's debts in case of bankruptcy, while BKB benefits from lower financing costs on the capital market.
boerse.de
Swiss Franc Basler Kantonalbank CHE Katrin Gröflin
TradFi, Press Release
07:00 16.10.2024
ubs disposes of valuable credit suisse furniture in zurich disposal site
UBS has disposed of thousands of items from the offices of Credit Suisse, including high-value furniture, at a Zurich disposal site, opting for a quick and cost-effective cleanup. While some items may be reused or sold, the bank has not confirmed any alternative disposal methods. Meanwhile, memorabilia from the former bank is attracting bids, with items like a CS Risk Management cap fetching CHF 29.
insideparadeplatz.ch
Swiss Franc Credit Suisse Anlagestiftung UBS SA CHE Alfred Escher Ulrich Körner Show more
TradFi, News Article
06:52 16.10.2024
neobanks lead customer satisfaction in switzerland's retail banking sector
Neon, Yuh, and Zak lead the Consumer Bank Ranking in Switzerland for 2024, with satisfaction scores of 72.9, 71.5, and 64.1, respectively. Neobanks are more popular among men, while women favor traditional banks like Raiffeisen and Zürcher Kantonalbank. Despite the rise of digital banking, younger individuals aged 18 to 29 still lean towards traditional banking options.
finews.com
Swiss Franc Yuh Ltd. ZAK AG Raiffeisen ETF FUND neon AG REvolution 1 AG CHE Susanne Vontobel Show more
Finance & Economy, Market Report
06:33 16.10.2024
stock market declines as outlook for 2024 raises concerns
The SMI closed lower, while UBS saw gains amid minimal movement on Wall Street, with Morgan Stanley in demand. Analysts from Zürcher Kantonalbank and Vontobel noted that the market had anticipated a lower outlook for 2024, which has now been confirmed with a surprising ten percent reduction in turnover. Despite this, the medium-term outlook remains unchanged but is deemed irrelevant.
cash.ch
United States Dollar Morgan Stanley UBS SA CHE Daniel Jelovcan
TradFi, Market Report
06:12 16.10.2024
Basler Kantonalbank to increase state guarantee payments by five million francs
From 2025 to 2028, Basler Kantonalbank will pay CHF 15.2 million annually for the state guarantee, an increase of CHF 5 million compared to the previous four years. This compensation addresses the canton’s liability for the bank's debts in case of bankruptcy and aims to balance the bank's competitive advantages.
Baseljetzt | Nachrichten für Basel und Region
Swiss Franc Basler Kantonalbank CHE
TradFi, News Article
05:34 16.10.2024
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