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Swiss investor Arthur Eugster has revealed losses of approximately 650 million francs due to the collapse of Signa Holding, where he holds an 11.5% stake. His testimony highlights alleged deception by founder René Benko during a capital raise, where funds were misrepresented, leading to significant financial fallout and ongoing legal scrutiny. As investigations continue, Eugster emphasizes the need for transparency and integrity in investment practices.
Nathalie Benko has filed for divorce from her husband, former billionaire René Benko, amid his significant financial and legal troubles, including pre-trial detention and bankruptcy. The couple, who share three children, faced turmoil as René's real estate empire collapsed under mounting debts and legal scrutiny across multiple countries. Nathalie's decision reflects a desire to prioritize her family's wellbeing and escape the ongoing crisis surrounding her husband's downfall.
Nathalie Benko has filed for divorce from her husband, René Benko, amid his legal troubles and financial collapse, which includes allegations of forgery and asset concealment. The couple, married for 15 years and parents to three children, faces significant uncertainty regarding their financial future, with creditors demanding around 2.4 billion euros. As investigations continue, Nathalie seeks to distance herself from René's actions, while the family's assets are reportedly diminished, leaving their stability in jeopardy.
René Benko, once a prominent Austrian real estate mogul, faces personal and financial ruin as his wife, Nathalie, files for divorce after 15 years of marriage amid his legal troubles and bankruptcy. With accusations of forgery and asset concealment, Benko's empire has crumbled, leading to significant financial consequences for the couple, including a prenuptial agreement stipulating spousal support. As investigations into potential money laundering involving Nathalie unfold, both navigate the fallout from this dramatic downfall.
Nathalie Benko has filed for divorce from her husband, René Benko, amid his serious legal troubles, including allegations of fraud and financial misconduct. The couple, married for 15 years and parents to three children, faces significant financial strain, with creditors demanding €2.4 billion linked to René's failing business empire. Nathalie is also under investigation for potential money laundering related to her financial dealings, complicating the family's already turbulent situation.
René Benko's wife, Nathalie, has filed for divorce after over a decade of marriage, citing a need to protect herself and their three children amid his legal troubles. The 47-year-old former billionaire is currently in custody, facing allegations of falsifying invoices and concealing assets during insolvency proceedings. If convicted, he could face up to ten years in prison.
Former Migros manager Dieter Berninghaus is under investigation by the Vienna public prosecutor's office for potential loans linked to René Benko, who allegedly recorded a conversation with him. As Benko's financial troubles deepened, distrust reportedly grew within the Signa real estate and retail group, according to former employees.
Noel Quinn, the former CEO of HSBC, has been appointed as the new chair of Julius Baer, succeeding Romeo Lacher, who is stepping down after five years. Quinn's extensive banking experience is expected to aid the Swiss wealth manager as it navigates a cost-cutting initiative following significant losses linked to the collapse of the Signa property group. His appointment is pending shareholder approval at the upcoming annual general meeting in April.
Privatization of cantonal banks in Switzerland faces significant opposition, with recent analyses revealing that these banks benefit from state guarantees, saving around CHF 585 million annually. The federal government loses approximately CHF 190 million in tax revenue due to the special tax treatment of these banks, raising concerns about the financial risks for taxpayers. Calls for reform suggest that equal tax treatment and a reevaluation of state guarantees are necessary, yet political resistance remains strong.
Julius Bär, Switzerland's largest private bank, announced personnel cuts despite a significant profit increase in 2024. Unlike during the 2023 collapse of Credit Suisse, the bank avoided similar risks, although it has faced past misconduct issues. Meanwhile, Austrian billionaire René Benko was arrested for the collapse of his Signa real estate group.
René Benko
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swiss investor reveals 650 million francs loss amid signa collapse investigation
Euro
Swiss Franc
Eugster/Frismag AG
Signa Holding AG
AUT
René Benko
Arthur Eugster
Daniel Dolpp
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11:07 19.03.2025
nathalie benko files for divorce amid rené benko's financial and legal troubles
10:48 19.03.2025
nathalie benko files for divorce amid husband's financial and legal troubles
21:55 17.03.2025
rené benko faces divorce and financial ruin amid legal troubles
13:13 17.03.2025
nathalie benko files for divorce amid husband's legal troubles and financial crisis
13:10 17.03.2025
rené benko's wife files for divorce amid legal troubles and custody issues
12:47 17.03.2025
investigation launched into former migros manager over loans from benko
06:30 11.03.2025
noel quinn appointed chair of julius baer amid management changes
United States Dollar
The Goldman Sachs Group, Inc.
CHE
Romeo Lacher
Stefan Bollinger
Georges Elhedery
René Benko
Philipp Rickenbacher
Roula Khalaf
Noel Quinn
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20:39 28.02.2025
cantonal banks benefit from state guarantees costing taxpayers millions annually
05:00 26.02.2025
Julius Bär announces personnel cuts despite record profits in 2024
05:30 18.02.2025
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