Union organisation
The 246 legally independent Raiffeisen banks in Switzerland joined to form Raiffeisen Switzerland (formerly called the ''Swiss Union of Raiffeisen Banks''). Like the participating Raiffeisen banks, Raiffeisen Switzerland is a cooperative. It coordinates the group's activities, creates the basic conditions for the business activity of the local Raiffeisen banks (such as IT, infrastructure and refinancing), and advises and supports them in all commercial matters. Furthermore, risk management and auditing also come under the remit of Raiffeisen Switzerland. Raiffeisen Switzerland runs directly managed branches in the urban regions of Basel, Bern, St. Gallen, Thalwil, Winterthur and Zurich, whereby these are not independent cooperatives. Raiffeisen Switzerland's headquarters have been unofficially located in St. Gallen since 1912, and were made the legal headquarters in 1936.History
The first cooperative banks were founded in Germany during the 1840s until the 1870s, upon the ideas and the initiative of Hermann Schulze-Delitzsch andInvestigations
;Proceedings by Finma In 2017, the Swiss Financial Market Supervisory Authority (FINMA) launched enforcement proceedings against the banking group in relation to corporate governance issues, and against the former chairman of the executive board, Pierin Vincenz, for his handling of conflicts of interest while in office. Due to Vincenz's resignation as chairman of Helvetia Insurance and his pledge that he would no longer seek any positions of responsibility with banks or insurance companies, FINMA terminated the proceedings against Vincenz, while those against Raiffeisen Switzerland remained ongoing. After an eight-month investigation, FINMA concluded its enforcement proceedings against Raiffeisen in June 2018. ;Embezzlement trial In April 2022, Pierin Vincenz and Beat Stocker, chairman of Aduno – a credit card company owned by several Swiss banks, including Raiffeisen – were sentenced to and 4 years of prison, and conditional fines of 280 times 3000 francs, and 160 times 3000 francs, respectively. According to the court, both Vincenz and Stocker caused financial damage to their companies with hidden personal investments in several firms, and later selling them to Raiffeisen and Aduno. Vincenz was also sentenced for charging Raiffeisen several private expenses, including visits at strip clubs,Commercial principles
Each regional bank provides services to customers of that region. By re-investing customer deposits within their area of operation, Raiffeisen banks contribute directly to the regional development. Furthermore, the Raiffeisen banks also support local associations and social institutions. They employ people who live in said region, and the taxes levied on the bank operations contribute to the local and regional tax income. The Raiffeisen banks promote local roots and proximity to clients. Management responsibility at Raiffeisen is distributed in a federalist style. Furthermore, neither the regional Raiffeisen banks nor Raiffeisen Switzerland are pursuing growth at any cost. Risks and credits are monitored prudently. Every Raiffeisenbank customer can buy up to 50 shares of their regional cooperative, each of which has a nominal value of 200 to 500 francs. Each year, the general assembly of the Raiffeisen cooperative determines the interest paid the shareholders. In 2020, it was usually between 3 and 4%. Each Raiffeisen cooperative guarantees the assets of the other cooperatives, and Standard & Poor's gave Raiffeisen Switzerland an "A+" issuer credit rating. The government does not guarantee the assets, in contrast to most of theParticipations
Raiffeisen Switzerland cooperates with multiple firms to offer their services to the associated Raiffeisen banks. Raiffeisen Switzerland has direct participations in the following enterprises: * Aduno group (credit cards and consumer credits), 25,5% ** Viseca ** Cashgate * Leonteq,Literature
* Sibylle Obrecht: ''Raiffeisen''. Verlag Huber, Frauenfeld 2000, * Andreas Zakostelsky, Friedrich Hagspiel (Hrsg.): ''Weißbuch Verbund. Überblick der Verbundstrukturen bei europäischen Genossenschaftsbanken''. Wien 1999Links
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