{
}
Basellandschaftliche Kantonalbank (BLKB) reported a 9.1% increase in consolidated profit for 2024, reaching CHF 166.4 million, with operating income rising 4.0% to CHF 477.1 million. The bank is increasing its distribution to the canton and certificate holders, reflecting strong performance across various business segments despite a challenging market. Customer confidence remains high, with net new money inflow of CHF 898.9 million and total assets growing to CHF 36.1 billion.
A non-partisan committee led by SVP President Peter Riebli is pushing for an initiative to restrict Basellandschaftliche Kantonalbank (BLKB) to its core business, aiming to restore public trust amid concerns over its investments in the digital bank Radicant. The proposal includes capping executive salaries and limiting the bank's social policies, which critics argue could harm its profitability and growth. Initial political reactions are largely negative, with concerns that the initiative represents an excessive intervention in the bank's operations.
A non-partisan committee, led by Peter Riebli, has launched an initiative to refocus the Basellandschaftliche Kantonalbank (BLKB) on the Basel region, criticizing its current strategy and investments, particularly in the online bank Radicant. The proposed changes aim to amend the Cantonal Banks Act to redefine BLKB as a regional bank, enhancing local influence and addressing concerns over its progressive positions and financial performance. BLKB warns that such a shift could lead to a decline in business volume and profitability.
Numarics AG and radicant bank ag, both subsidiaries of Basellandschaftliche Kantonalbank (BLKB), have announced plans to merge, pending regulatory approval. This merger aims to create a comprehensive banking and financial services platform for private and SME clients, enhancing their offerings and market presence. BLKB will remain the majority shareholder, with additional investments from venture capital firms.
Sandro Spaeth
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
blkb reports strong financial results and increased distribution for 2024
05:59 27.02.2025
initiative seeks to limit salaries and refocus basellandschaftliche kantonalbank operations
Swiss Franc
Numarics AG
CHE
Nils Jocher
John Häfelfinger
Simon Oberbeck
Peter Riebli
Sandro Spaeth
Show more
20:48 20.11.2024
-partisan committee seeks to refocus cantonal bank on local priorities
19:09 20.11.2024
radicant and numarics announce merger to enhance banking services in switzerland
Euro
Swiss Franc
United States Dollar
UBS SA
Numarics AG
radicant bank AG
Basellandschaftliche Kantonalbank
CHE
Thomas Schneider
Kristian Kabashi
John Häfelfinger
Sandro Spaeth
Dominique Rey
Show more
06:59 17.10.2024
Trending
Subcategory
Stock Market Updates
Corporate News
Industry Trends
Banking Regulations
Financial Scams and Security
Finance Mergers & Acquisitions
Global Financial Events
Market Analysis and Predictions
Hedge Funds & Private Equity
Retail and Consumer Goods
Workplace Trends
CEO Changes
Supply Chain Management
Startups & Entrepreneurship
Global Trade Developments
Government Economic Policies
Cryptocurrency Trends
Real Estate Investments
Crypto Adoption and Integration
Decentralized Finance (DeFi) Innovations
Countries:
Companies:
JPMorgan Chase & Co.
Barclays PLC
Bank of America Corporation
Citigroup Inc.
Geode Capital Management LLC
The Goldman Sachs Group, Inc.
The Charles Schwab Corporation
Morgan Stanley
Wells Fargo & Company
Tesla, Inc.
Charles Schwab Investment Management Inc.
State Street Corporation
Credit Suisse Real Estate Fund Siat
Broadcom Inc.
Deutsche Bank Aktiengesellschaft
Lloyds Banking Group plc
UBS Group AG
FMR LLC
Procter & Gamble Co
Banco Santander, S.A.
Currencies:
United States Dollar
British Pound Sterling
Swiss Franc
United Arab Emirates Dirham
Euro
Japanese Yen
Offshore Chinese Yuan
Azerbaijani Manat
Indian Rupee
New Taiwan Dollar
South Korean Won
Saudi Riyal
People: