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vp bank faces turmoil as leadership changes and layoffs loom

VP Bank is facing significant challenges, with a 55% profit drop leading to CEO Paul Arni's resignation and a restructuring plan that includes cutting 10% of its workforce. Despite these issues, the bank remains committed to its profitable German operations, focusing on private banking and wealth management, while closing its Hong Kong office and consolidating Asian business in Singapore. Competitors like LGT and LLB maintain a stronger presence in Germany, highlighting VP Bank's limited visibility in the market.
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LLB Aktien Fit for Life (CHF) BlackRock, Inc. VP Bank AG LGT Academy Foundation LIE Dirk Klee Stephan Zimmermann Paul Arni Thomas Gitzel Urs Monstein Show more
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09:00 20.09.2024
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