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BLKB Takes CHF 105.5 Million Impairment on Radicant Investment - Fintech Schweiz Digital Finance News - FintechNewsCH
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BLKB Takes CHF 105.5 Million Impairment on radicant Investment - Fintech Schweiz Digital Finance News - FintechNewsCH
Basellandschaftliche Kantonalbank (BLKB) has announced value adjustments amounting to CHF 105.5 million on its investment in radicant holding ag. The impairment follows delays in the integration of the fiduciary business of radicant business services ag and unforeseen operational challenges, including lower customer acquisition, reduced revenues, and higher costs. Expectations regarding the contribution of the fiduciary business to radicant’s ov…
The changes in staff at the Basellandschaftliche Kantonalbank (BLKB) have triggered a media earthquake. This is not surprising, it is surprising and dramatic when, with BLKB CEO John Häfelfinger, President of the Bank Council Thomas Schneider and Radicant-VR President Marco Primavesi, three top people take the hat and leave shortly. In addition, there is a mega-value adjustment of 105.5 million francs to Radicant Holding AG. This holding company…
Bang at the Basellandschaftliche Kantonalbank (BLKB): She makes a huge copy of the daughter Radicant.
The Basellandschaftliche Kantonalbank (BLKB) has been turbulenced with its online bank Radicant. It now has to make a massive adjustment to its subsidiary.
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