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.
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