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Luzerner Kantonalbank
''Luzerner Kantonalbank'' is the cantonal bank and the dominant retail banking group in the Swiss canton of Lucerne, with a market share of 50-60%. It is main focus on financing small businesses and personal mortgages in the local economy, the bank has avoided some of the issues facing its larger peers in Switzerland and non-performing loans remain at negligible levels. See also *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 bank ... References External links Official website Banks of Switzerland Companies listed on the SIX Swiss Exchange {{Switzerland-bank-stub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Services
Financial services are the Service (economics), economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies, insurance companies, accountancy companies, consumer finance, consumer-finance companies, brokerage firm, stock brokerages, investment management, investment funds, individual asset managers, and some government-sponsored enterprises. History The term "financial services" became more prevalent in the United States partly as a result of the Gramm-Leach-Bliley Act, GrammLeachBliley Act of the late 1990s, which enabled different types of companies operating in the U.S. financial services industry at that time to merge. Companies usually have two distinct approaches to this new type of business. One approach would be a bank that simply buys an insurance company or an investment bank, keeps the original brands of the acquired firm, and adds the Takeover, acquisit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Luzern
, neighboring_municipalities= Adligenswil, Ebikon, Emmen, Horw, Kriens, Malters, Meggen, Neuenkirch Lucerne ( , ; High Alemannic: ''Lozärn'') or Luzern ()Other languages: gsw, Lozärn, label=Lucerne German; it, Lucerna ; rm, Lucerna . is a city in central Switzerland, in the German-speaking portion of the country. Lucerne is the capital of the canton of Lucerne and part of the district of the same name. With a population of approximately 82,000 people, Lucerne is the most populous city in Central Switzerland, and a nexus of economics, transportation, culture, and media in the region. The city's urban area consists of 19 municipalities and towns with an overall population of about 220,000 people. Owing to its location on the shores of Lake Lucerne (german: Vierwaldstättersee) and its outflow, the river Reuss, within sight of the mounts Pilatus and Rigi in the Swiss Alps, Lucerne has long been a destination for tourists. One of the city's landmarks is the Chapel Bridge (g ... [...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] |
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] |
Retail Banking
Retail banking, also known as consumer banking or personal banking, is the provision of services by a bank to the general public, rather than to companies, corporations or other banks, which are often described as wholesale banking. Banking services which are regarded as retail include provision of savings and transactional accounts, mortgages, personal loans, debit cards, and credit cards. Retail banking is also distinguished from investment banking or commercial banking. It may also refer to a division or department of a bank which deals with individual customers. In the U.S., the term commercial bank is used for a ''normal'' bank to distinguish it from an investment bank. After the Great Depression, the Glass–Steagall Act restricted normal banks to banking activities, and investment banks to capital market activities. That distinction was repealed in the 1990s. Commercial bank can also refer to a bank or a division of a bank that deals mostly with deposits and loans from co ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Canton Of Lucerne
The canton of Lucerne (german: Kanton Luzern rm, Chantun Lucerna french: Canton de Lucerne it, Canton Lucerna) is a canton of Switzerland. It is located in the centre of Switzerland. The population of the canton (as of ) is . , the population included 57,268 foreigners, or about 15.8% of the total population. The cantonal capital is Lucerne. History The canton of Lucerne comprises territories acquired by its capital Lucerne, either by treaty, armed occupation or purchase. The first town acquired was Weggis (in 1380), Rothenburg, Kriens, Horw, Sempach and Hochdorf (all in 1394), Wolhusen and Entlebuch (1405), the so-called "Habsburger region" to the northeast of the town of Lucerne (1406), Willisau (1407), Sursee and Beromünster (1415), Malters (1477) and Littau (1481), while in 1803, in exchange for Hitzkirch, Merenschwand (held since 1397) was given up. Prehistory The oldest traces of humans in the Lucerne area are stone artifacts and cave bear bones found in the Ste ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Non-performing Loan
A non-performing loan (NPL) is a bank loan that is subject to late repayment or is unlikely to be repaid by the borrower in full. Non-performing loans represent a major challenge for the banking sector, as it reduces the profitability of banks, and is often presented as preventing banks from lending more to businesses and consumers, which in turn slows down economic growth (although this theory is disputed). In the European Union, the management of the NPLs resulting of the global financial crisis of 2008 has become a politically sensitive topic, culminating in 2017 with the decision by the Council to task the European Commission to launch an action plan to tackle NPLs. The action plan supports the fostering of a secondary market for NPLs and the creation of Asset Management Companies (aka bad bank). In December 2020, this action plan was revised in the wake of the Covid19 pandemic crisis. Definition Non-performing loans are generally recognised as per the following criteria: * Pay ... [...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] |
Banks Of 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] |
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