{
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The EU's center-right EPP alliance advocates for maintaining climate targets while allowing exemptions for e-fuels, urging a reversal of the planned combustion engine ban to ensure technological neutrality. Meanwhile, SpaceX's valuation has surged to $350 billion following a significant share sale, and Adidas is under investigation for customs compliance issues. Additionally, China has initiated proceedings against Nvidia for alleged anti-monopoly violations, and Bitcoin has reached a record high of over $106,000, driven by market optimism following Donald Trump's election.
Raiffeisen is facing a potential write-off of 500 million due to failed IT projects, including the costly replacement of the Finfox investment solution and a new e-banking system, each exceeding 100 million without delivering results. Despite promises of an agile transformation, the bank has fallen behind competitors, with CEO Heinz Huber involved in the decision-making process. A review in summer 2024 revealed the need for adjustments in project durations and scopes.
Dr. Mario Crameri's consulting firm, nxt digital AG, has been tasked by Raiffeisen Switzerland's Board of Directors to investigate the significant IT issues surrounding its e-banking app, which has incurred costs in the "hundreds of millions" of francs. The probe will examine the roles of dismissed operations head Uwe Krakau and CEO Heinz Huber, amid allegations of falsified test results and numerous irregularities. As the situation unfolds, it appears that more senior executives may face consequences.
Uwe Krakau has stepped down as COO of Raiffeisen Cooperative Bank after two years, leading to the abolition of his role. The decision follows a critical review of the bank"s strategy implementation, particularly the halted launch of a new app due to technical issues and internal tensions, notably between Krakau and Head of IT Niklaus Mannhart, who has since taken over project management.
Raiffeisen Switzerland has abolished the Chief Operating Officer role just two years after its introduction, following a critical review of the group"s strategy implementation. Uwe Krakau, who was appointed to lead this initiative, is leaving the cooperative bank as the responsibilities will now be distributed among existing departments to streamline processes. This decision contrasts with CEO Heinz Huber"s commitment to continuity in management.
Heinz Huber and Thomas Müller face backlash after their failed Strategy 2025, leading to the dismissal of Uwe Krakau and the scrapping of a malfunctioning super app intended for Raiffeisen"s 3.5 million customers. The costly missteps, including a bloated cost structure and ineffective management, threaten over 100 jobs as the bank attempts to regain stability.
Heinz Huber
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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