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BLKB has invested around CHF 100 million in its digital subsidiary Radicant, which is facing criticism from local politicians and internal unrest. Despite achieving a profit of CHF 153 million last year, CEO John Häfelfinger is under pressure due to unresolved issues surrounding Radicant's strategy and governance, particularly following its planned merger with fintech Numarics. The situation has led to calls for increased transparency and scrutiny of the bank's direction, as well as concerns about its sustainability initiatives.
Anton Lauber
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BLKB faces scrutiny as Radicant plans merger and strategy shift
08:55 26.02.2025
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