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Basler Kantonalbank
Basler Kantonalbank (Basel Cantonal Bank) is a Swiss cantonal bank that is one of the 24 cantonal banks serving Switzerland's 26 cantons. Founded in 1899, in 2019 Basler Kantonalbank had 15 branches with 842 employees; the total assets of the bank were CHF 27.305 billion. Basler Kantonalbank has a full state guarantee of its liabilities. History Since 1999, it has had a majority ownership of Bank Cler (former Coop Bank). In October 2012 the bank's CEO, Hans Rudolf Matter, resigned after 620 clients lost more than CHF 100 million in a scandal involving ASE investments. Eventually the number of affected clients grew to about 1,500. In 2013, Chairman Andreas Albrecht was forced to resign following the Swiss Financial Market Supervisory Authority (FINMA) determined that the bank had rigged sales of its own participation certificates. On 21 November 2013, BKB was ordered to pay back CHF 2.6 million ($2.9 million) that it had earned through these improper sales. Organization T ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banking
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cantonal Bank
The cantonal banks (''German: Kantonalbank, French: banque cantonale, Italian: banca cantonale)'' are 24 Swiss government-owned commercial banks. Most of them were founded between 1834 and 1916, although the Banque cantonale du Jura was founded in 1979 – due to the separation of Jura from the Canton of Berne, which occurred in 1978. 21 are provided by the canton in which they are based with a guarantee for the assets held there. Description Traditionally, cantonal banks are especially strong in savings and mortgage products. Currently they are in the process of being partially privatised. The cantonal banks are organised and regulated by the Association of Swiss Cantonal Banks, with its office in Basel. As a group, the cantonal banks account for about 30% of the banking sector in Switzerland, with a network of over 800 branches and 16 000 employees in Switzerland. In 2014 consolidated total assets of all cantonal banks accounted around 500 bln CHF, which is comparable wit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Switzerland
). Swiss law does not designate a ''capital'' as such, but the federal parliament and government are installed in Bern, while other federal institutions, such as the federal courts, are in other cities (Bellinzona, Lausanne, Luzern, Neuchâtel, St. Gallen a.o.). , coordinates = , largest_city = Zürich , official_languages = , englishmotto = "One for all, all for one" , religion_year = 2020 , religion_ref = , religion = , demonym = , german: Schweizer/Schweizerin, french: Suisse/Suissesse, it, svizzero/svizzera or , rm, Svizzer/Svizra , government_type = Federalism, Federal assembly-independent Directorial system, directorial republic with elements of a direct democracy , leader_title1 = Federal Council (Switzerland), Federal Council , leader_name1 = , leader_title2 = , leader_name2 = Walter Thurnherr , legislature = Fe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Canton (country Subdivision)
A canton is a type of administrative division of a country. In general, cantons are relatively small in terms of area and population when compared with other administrative divisions such as counties, departments, or provinces. Internationally, the most politically important cantons are the Swiss cantons. As the constituents of the Swiss Confederation, theoretically and historically, they are semi-sovereign states. The term is derived from the French word '' canton'', meaning "corner" or "district" (from which "cantonment" is also derived). In specific countries Cantons exist or previously existed in the following countries: *Cantons of Belgium * Cantonal Government of Bohol *Cantons of Bolivia *Cantons of Bosnia and Herzegovina: federal units of the Federation of Bosnia and Herzegovina *Canada: Canadian French equivalent for the English word "township", since the translation ''municipalité'' is already used for a different level of government (see township). ** Cantons of Qu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Swiss Franc
The Swiss franc is the currency and legal tender of Switzerland and Liechtenstein. It is also legal tender in the Italian exclave of Campione d'Italia which is surrounded by Swiss territory. The Swiss National Bank (SNB) issues banknotes and the federal mint Swissmint issues coins. In its polyglot environment, it is often simply referred as german: Franken, french: franc, it, franco and rm, franc. It is also designated through signes: ''Fr'' Some fonts render the currency sign character "₣" (unicodebr>U+20A3 as ligatured Fr, following the German language convention for the Swiss Franc. However, most fonts render the character as F with a strikethrough on the lower left, which is the unofficial sign of French Franc. (in German language), ''fr.'' (in French, Italian, Romansh languages), as well as in any other language, or internationally as ''CHF'' which stands for ''.'' This acronym also serves as eponymous ISO 4217 code of the currency, CHF being used by banks and financial ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
State Guarantee
A loan guarantee, in finance, is a promise by one party (the guarantor) to assume the debt obligation of a borrower if that borrower defaults. A guarantee can be limited or unlimited, making the guarantor liable for only a portion or all of the debt. Private loan guarantees There are two main types: # Guarantor mortgages # Unsecured guarantor loan Guarantor mortgages Popular with young borrowers who do not have a large deposit saved and need to borrow up to 100% of the property value to purchase a property. Generally, their parents will provide a guarantee to the lender to cover any shortfall in the event of default. There are three main types # Guarantor Mortgage – generally, a parent or close family member will guarantee the mortgage debt and will cover the repayment obligations should the borrower default. # Family offset mortgage – typically, a parent or grandparent will put their savings into an account linked to the borrower’s mortgage. They do not get any intere ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Coop Bank (Switzerland)
The Co-operative Bank plc is a retail and commercial bank in the United Kingdom, with its headquarters in Balloon Street, Manchester. The Co-operative Bank is the only UK high street bank with a customer-led Ethical Policy which is incorporated into the Bank's Articles of Association. The Ethical Policy was introduced in 1992 and incorporated into the Bank's constitution in 2013. The Ethical Policy was revised and expanded in 2015 in line with over 320,000 customer responses to a poll. The latest Values and Ethics report was published in May 2020. The Bank does not provide banking services to organisations that conflict with customers’ views on a comprehensive range of issues, for example: human rights, environmental stability, international development and animal welfare, or those involved in irresponsible gambling or payday lending as stated in its ethical policy. Despite its name, the bank has never been a cooperative itself, although it was partly owned by The Co-operat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Swiss Financial Market Supervisory Authority
The Swiss Financial Market Supervisory Authority (FINMA) is the Swiss government body responsible for financial regulation. This includes the supervision of banks, insurance companies, stock exchanges and securities dealers, as well as other financial intermediaries in Switzerland. The FINMA is an independent institution with its own legal personality based in Bern. It is institutionally, functionally and financially independent from the central federal administration and the Federal Department of Finance and reports directly to the Swiss parliament. The FINMA is called german: Eidgenössische Finanzmarktaufsicht, french: Autorité fédérale de surveillance des marchés financiers, it, Autorità federale di vigilanza sui mercati finanziari. Its main name and its acronym are expressed in English so as to avoid the semblance of favouring any one of Switzerland's linguistic regions. Anne Héritier Lachat was Chairwoman of the Board of Directors from 2011 until 1 January 201 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Participation Certificate
A Participation certificate (PC) is a special form of participation in Swiss stock corporations ( Partizipationsschein). Although this security secures property rights in the issuing company, the participation certificate does not confer any membership or voting rights. The issue of this special financing tool is intended to provide the company with equity capital. By not having voting rights, the company also protects itself against unintended influences from unwanted shareholders. After all, these shareholders have no voting rights and thus only limited or no influence at all on the company's policy. The participation certificate cannot be compared with the "Certificate of Participation" in Anglo-Saxon parlance as this Certificate of Participation) is a financial instrument, a form of financing, used by municipal or government entities which allows an individual to buy a share of the lease revenue of an agreement made by these entities. It is different from a bond issued by the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cantonal Bank
The cantonal banks (''German: Kantonalbank, French: banque cantonale, Italian: banca cantonale)'' are 24 Swiss government-owned commercial banks. Most of them were founded between 1834 and 1916, although the Banque cantonale du Jura was founded in 1979 – due to the separation of Jura from the Canton of Berne, which occurred in 1978. 21 are provided by the canton in which they are based with a guarantee for the assets held there. Description Traditionally, cantonal banks are especially strong in savings and mortgage products. Currently they are in the process of being partially privatised. The cantonal banks are organised and regulated by the Association of Swiss Cantonal Banks, with its office in Basel. As a group, the cantonal banks account for about 30% of the banking sector in Switzerland, with a network of over 800 branches and 16 000 employees in Switzerland. In 2014 consolidated total assets of all cantonal banks accounted around 500 bln CHF, which is comparable wit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of Banks In Switzerland
Systemically Important Banks Globally Systemically Important Banks *UBS Group AG *Credit Suisse Group AG Domestically Systemically Important Banks * Zurich Cantonal Bank * Banque cantonale vaudoise * Raiffeisen * PostFinance Top-tier Swiss banks Other Swiss-based banks with a significant presence domestically and overseas with considerable assets under management. *Julius Baer Group *Vontobel *Pictet Group *Lombard Odier * J. Safra Sarasin * Union Bancaire Privee *EFG International Family-owned Swiss banks * Banque Heritage * Bank SYZ * Bordier & Cie * Compagnie Bancaire Helvétique *Edmond de Rothschild Group * Geneva Swiss Bank * Gonet & Cie * E. Gutzwiller & Cie, Banquiers *Habib Bank AG Zurich * Hyposwiss Private Bank Genève SA *Landolt & Cie *Lienhardt & Partner Privatbank Zürich *Reichmuth & Co * REYL Group *Union Bancaire Privée * Rahn+Bodmer Co. *Vontobel Swiss branches of international banks Belgium *AXA Bank Europe, Brüssel, Zweigniederlassung Winterthur * Fort ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cantonal Banks
The cantonal banks (''German: Kantonalbank, French: banque cantonale, Italian: banca cantonale)'' are 24 Swiss government-owned commercial banks. Most of them were founded between 1834 and 1916, although the Banque cantonale du Jura was founded in 1979 – due to the separation of Jura from the Canton of Berne, which occurred in 1978. 21 are provided by the canton in which they are based with a guarantee for the assets held there. Description Traditionally, cantonal banks are especially strong in savings and mortgage products. Currently they are in the process of being partially privatised. The cantonal banks are organised and regulated by the Association of Swiss Cantonal Banks, with its office in Basel. As a group, the cantonal banks account for about 30% of the banking sector in Switzerland, with a network of over 800 branches and 16 000 employees in Switzerland. In 2014 consolidated total assets of all cantonal banks accounted around 500 bln CHF, which is comparable wit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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