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Ex-UBS Banker Turned Songbird Pressures Swiss Banks | Interactive Investor
Ex-UBS banker turned songbird pressures Swiss banks | Interactive Investor Tuesday 22 November 2011 RSS Mobile About us Our network Help Skip to Navigation Home Trading Investing Tools & Research News & Opinion Sign in My Portfolio Register now Everyday Money Home Ex-UBS banker turned songbird pressures Swiss banks Ex-UBS banker turned songbird pressures Swiss banks Sat, 19/11/2011 - 01:17 By Lynnley Browning and Kevin Gray MIAMI (Reuters) - A light sentence handed down on Friday for a former top UBS private banker who became a U.S. government informant on wealthy American tax cheats ramps up pressure on the Swiss banking industry. Renzo Gadola, who worked at Swiss bank UBS AG from 1995 to 2008, received five months' probation from a Florida federal judge and a fine of $100. He had cooperated extensively with U.S. authorities conducting a wide- ranging criminal investigation of scores of Swiss banks. That cooperation entailed disclosing to federal prosecutors for the first time the role of Swiss cantonal banks, including Basler Kantonalbank, in helping Americans to evade U.S. taxes on at least hundreds of millions of dollars in assets. His cooperation will continue as a condition of his probation. Gadola, a Swiss national, may now be called "to testify before a grand jury or at a trial against former clients, Swiss bank colleagues or other banks," said a senior government official briefed on the matter. Added a senior white-collar criminal defence lawyer briefed on the matter: "He gave them gold on a silver platter. They still have their hook into him - the probation is conditioned on him continuing to cooperate." The 45-year-old Gadola could have been sentenced to a maximum of 16 months in prison; federal prosecutors had sought leniency but still requested five months' prison time. -
Geschäftsbericht 2020 Geschäftsbericht
GESCHÄFTSBERICHT 2020 2020 KENNZAHLEN 2020 BETRIEBSERTRAG +2,9 % BILANZSUMME +10,1 % CHF 7,049 Mrd. CHF 83,4 Mio. GESCHÄFTSERFOLG +1,3 % CHF 30,4 Mio. DIVIDENDENAUSSCHÜTTUNG (beantragt an GV) CHF 12,65 Mio. DIVIDENDE PRO AKTIE ZUNAHME HYPOTHEKEN CHF 195 Mio. CHF 1.10 +4,0 % DIVIDENDENRENDITE ABLIEFERUNG AN DIE ÖFFENTLICHE HAND 3,7 % (inklusive Dividende) CHF 14,8 Mio. Sven Wiederkehr über die Bankentwicklung 2020: INHALTSVERZEICHNIS 4 Aktionärsbrief 8 Corporate Social Responsibility 14 Corporate Governance 40 Lagebericht 44 Eigenkapital und GLKB-Aktie 46 Finanzbericht – Bilanz 46 – Erfolgsrechnung 47 – Gewinnverwendung 48 – Geldflussrechnung 49 – Nachweis des Eigenkapitals 51 – Bilanzierungs- und Bewertungsgrundsätze 52 – Risikomanagement 56 – Anhang 64 – Bericht der Revisionsstelle 88 – Offenlegung 94 Gemeinsam wachsen Als Bank der Glarnerinnen und Glarner liegen uns das Wohlbefinden der Bevölkerung und eine gesunde Wirtschaft am Herzen. Wir sind eine bedeutende Arbeitgeberin im Kanton und tragen damit auch die Verantwortung für unsere Mitarbeitenden. Das bedeutet, dass wir für attraktive und zukunftsfähige Arbeitsplätze sorgen und berufliche Entwicklungsmöglichkeiten bieten. Die langjährige Treue und das unermüdliche Engagement unserer Mitarbeitenden bestätigen uns auf diesem Weg. Sie sind es, die unseren Innovationsgeist prägen, Wachstum generieren, neue Geschäftsfelder erschliessen, nah bei unseren Kunden sind und dabei nie den langfristigen Erfolg der Bank aus den Augen verlieren. Mehr über unser Imagethema erfahren Sie unter: glkb.ch/geschaeftsbericht -
Beilage Empfehlung SAQ Personenzertifizierungen / Übersicht
Beilage Empfehlung SAQ Personenzertifizierungen Januar 2020 Zahlen und Fakten zu den Zertifizierungsprogrammen Anzahl Zertifikate pro Programm (Stand 1. Januar 2020) 1’580 Zertifizierte Privatkundenberater 3’450 Zertifizierte Individualkundenberater 6’770 Certified Wealth Management Advisors CWMA 250 Zertifizierte Affluent Kundenberater 725 Certified Corporate Bankers CCoB 350 Zertifizierte KMU Kundenberater Direkt beteiligte Banken * (gem. http://www.bankenzertifikate.ch/de/banken/) • Acrevis Bank AG • Banque Cantonale • HINDUJA BANQUE (SUISSE) • PostFinance AG • Alpha Rheintal Bank Neuchâteloise SA • Rahn & Bodmer Co • Appenzeller Kantonalbank • Banque Cantonale Vaudoise • Hyposwiss Private Bank • Raiffeisen Schweiz • Banca dello Stato del Cantone • Banque Cramer & Cie SA Genève SA Genossenschaft Ticino • BANQUE HERITAGE SA • Hypothekarbank Lenzburg • REYL & Cie SA • Banco Santander International SA • Banque Internationale à • Intesa Sanpaolo Private • Schroder & Co Bank AG • Bank CIC (Schweiz) AG Luxembourg (Suisse) SA Banking (Suisse) Morval SA • Schwyzer Kantonalbank • Bank CLER • Banque Pâris Bertrand SA • Investec Bank (Switzerland) AG • SOCIETE GENERALE Private • Bank Julius Baer & Co. Ltd. • Banque Pictet & Cie SA • LGT Bank AG Banking (Suisse) SA • Bank Linth LLB AG • BANQUE PRIVEE BCP • Liechtensteinische Landesbank • Thurgauer Kantonalbank • Bank Lombard Odier & Co AG (SUISSE) SA AG • UBS AG • Bank SLM AG • Basler Kantonalbank • Luzerner Kantonalbank AG • Urner Kantonalbank • bank zweiplus ag • Berner Kantonalbank • Mercatil -
Die Kantonalbanken in Zahlen
Kennziffern und Adressen Die Kantonalbanken der Kantonalbanken in Zahlen Kennzahlen der 24 Kantonalbanken Eckdaten der 24 Kantonalbanken Angaben per 31.12.2018 (inkl. Tochtergesellschaften) Angaben per 31.12.2018 Kantonalbank Gründungsjahr Bilanzsumme Geschäftsstellen Personalbestand Kantonalbank Rechts- Dotations-/ PS-Kapital Kotierung Staats- in Mio. CHF teilzeitbereinigt form Aktienkapital in Mio. CHF SIX garantie in Mio. CHF Aargauische Kantonalbank 1913 28‘351 31 708 Aargauische Kantonalbank örK 200 - - ja Appenzeller Kantonalbank 1899 3‘365 4 81 Appenzeller Kantonalbank örK 30 - - ja Banca dello Stato del Cantone Ticino 1915 14‘322 21 444 Banca dello Stato del Cantone Ticino örK 430 - - ja Banque Cantonale de Fribourg 1892 22‘927 27 382 Banque Cantonale de Fribourg örK 70 - - ja Banque Cantonale de Genève 1816 23‘034 28 761 Banque Cantonale de Genève AG 360 - ja nein Banque Cantonale du Jura 1979 3‘152 12 122 Banque Cantonale du Jura AG 42 - ja ja Banque Cantonale du Valais 1917 16‘122 45 471 Banque Cantonale du Valais AG 158 - ja ja Banque Cantonale Neuchâteloise 1883 10‘847 12 285 Banque Cantonale Neuchâteloise örK 100 - - ja Banque Cantonale Vaudoise 1845 47‘863 72 1‘896 Banque Cantonale Vaudoise AG 86 - ja nein Basellandschaftliche Kantonalbank 1864 25‘341 22 689 Basellandschaftliche Kantonalbank örK 160 57 ja ja Basler Kantonalbank 1899 44‘031 46 1‘238 Basler Kantonalbank örK 304 50 ja ja Berner Kantonalbank 1834 30‘589 60 1‘000 Berner Kantonalbank AG 186 - ja nein Glarner Kantonalbank 1884 5‘982 6 191 Glarner Kantonalbank AG -
Credit Suisse Anlagestiftung Wertschriftenverzeichnis Credit Suisse Anlagestiftung • Wertschriftenverzeichnis Per 30
30. Juni 2018 Credit Suisse Anlagestiftung Wertschriftenverzeichnis Credit Suisse Anlagestiftung • Wertschriftenverzeichnis per 30. Juni 2018 (exkl. Verbindlichkeiten und Cash) Inhaltsverzeichnis in % des Gesamt- in % des Gesamt- Valor fondsvermögens Valor fondsvermögens Mischvermögen ...................................................................3 CSA Mixta-BVG Basic ......................................................3 CSA Mixta-BVG Defensiv .................................................3 CSA Mixta-BVG ................................................................3 CSA Mixta-BVG Maxi .......................................................3 CSA Mixta-BVG Equity 75 ................................................3 CSA Mixta-BVG Index 25 .................................................3 CSA Mixta-BVG Index 35 .................................................4 CSA Mixta-BVG Index 45 .................................................4 CSA Mixta-BVG Index 75 .................................................4 CSA BVG 25-45 Dynamic ................................................4 Festverzinsliche Vermögen ..................................................4 CSA Money Market CHF ..................................................4 CSA Swiss Bonds CHF ....................................................4 CSA Short Term Bonds CHF ...........................................7 CSA Foreign Bonds CHF .................................................7 CSA Mid Yield Bonds CHF ..............................................8 CSA Inflation Linked -
Glarner Kantonalbank
Glarner Kantonalbank Primary Credit Analyst: Cihan Duran, CFA, Frankfurt + 49 69 3399 9177; [email protected] Secondary Contact: Benjamin Heinrich, CFA, FRM, Frankfurt + 49 693 399 9167; [email protected] Table Of Contents Major Rating Factors Outlook Rationale Related Criteria Related Research WWW.STANDARDANDPOORS.COM/RATINGSDIRECT JANUARY 28, 2021 1 Glarner Kantonalbank Additional SACP a- Support +4 -1 + + Factors Anchor a- Issuer Credit Rating ALAC 0 Business Support Moderate Position -1 Capital and GRE Support Very Strong +4 Earnings +2 Risk Position Adequate 0 Group AA-/Negative/A-1+ Support 0 Below Funding Average -1 Sovereign Liquidity Adequate Support 0 Major Rating Factors Strengths: Weaknesses: • Sound retail banking franchise in the small canton • Uncertainties as a result of proposed changes to the and a loan book dominated by well-collateralized cantonal bank law. residential mortgages. • Weaker cost efficiency than most rated cantonal • Very strong capitalization. peers and concentration risk from focus on • Extremely high likelihood of receiving extraordinary residential mortgage lending in Glarus and the government support from the Canton of Glarus, if neighboring economic area. needed. WWW.STANDARDANDPOORS.COM/RATINGSDIRECT JANUARY 28, 2021 2 Glarner Kantonalbank Outlook: Negative The negative outlook reflects S&P Global Ratings' view that we could lower the rating on Glarner Kantonalbank (GLKB) over the next 12-24 months, during which time we expect more clarity with respect to the local government's supportive stance toward the bank and planned change of the cantonal bank law. These factors will affect our assessment of the likelihood of extraordinary and ongoing local government support, which we incorporate into the rating. -
Ubs Ag 168,0
Bank Erreichbarkeit Veränderung Verfügbarkeit Montag bis Freitag Samstag Sonntag in Stunden ggüb. Vorjahr in % Permanente Verfügbarkeit (24/7) UBS AG 168,0 - 100% 24h 24h 24h PostFinance 168,0 - 100% 24h 24h 24h Sehr hohe Verfügbarkeit Zürcher Kantonalbank 98,0 58% 8.00 Uhr 22.00 Uhr 8.00 Uhr 22.00 Uhr 8.00 Uhr 22.00 Uhr Credit Suisse AG 86,5 - 51% 7.30 Uhr 22.00 Uhr 9.00 Uhr 16.00 Uhr 9.00 Uhr 16.00 Uhr Neue Aargauer Bank AG 86,5 - 51% 7.30 Uhr 22.00 Uhr 9.00 Uhr 16.00 Uhr 9.00 Uhr 16.00 Uhr Hohe Verfügbarkeit Berner Kantonalbank 79,0 - 47% 7.00 Uhr 21.00 Uhr 8.00 Uhr 17.00 Uhr Valiant Bank 75,5 +25,5 45% 7.30 Uhr 19.30 Uhr 9.00 Uhr 16.00 Uhr AEK BANK 1826 Genossenschaft 74,0 - 44% 7.00 Uhr 21.00 Uhr 8.00 Uhr 12.00 Uhr Alpha RHEINTAL Bank AG 74,0 - 44% 7.00 Uhr 21.00 Uhr 8.00 Uhr 12.00 Uhr Alternative Bank Schweiz AG 74,0 - 44% 7.00 Uhr 21.00 Uhr 8.00 Uhr 12.00 Uhr Bank EEK AG 74,0 - 44% 7.00 Uhr 21.00 Uhr 8.00 Uhr 12.00 Uhr Regiobank Solothurn AG 74,0 - 44% 7.00 Uhr 21.00 Uhr 8.00 Uhr 12.00 Uhr Spar- und Leihkasse Frutigen AG 74,0 - 44% 7.00 Uhr 21.00 Uhr 8.00 Uhr 12.00 Uhr Bernerland Bank AG 69,0 - 41% 8.00 Uhr 21.00 Uhr 8.00 Uhr 12.00 Uhr Clientis Sparcassa 1816 Genossenschaft 69,0 - 41% 8.00 Uhr 21.00 Uhr 8.00 Uhr 12.00 Uhr Migros Bank AG 69,0 +10 41% 8.00 Uhr 20.00 Uhr 8.00 Uhr 17.00 Uhr Spar + Leihkasse Münsingen AG 69,0 - 41% 8.00 Uhr 21.00 Uhr 8.00 Uhr 12.00 Uhr Sparkasse Schwyz AG 69,0 - 41% 8.00 Uhr 21.00 Uhr 8.00 Uhr 12.00 Uhr Banque Cantonale de Genève 67,0 +9,5 40% 7.30 Uhr 19.30 Uhr 9.00 Uhr 16.00 Uhr Basler Kantonalbank -
A Primer on DOJ's Swiss Bank Program
1012 Broad Street, 2nd Fl Bloomfield, NJ 07003 Tel (973) 783-7000 Fax (973) 338-3955 www.DeBlisLaw.com HIGH-STAKES TAX DEFENSE & COMPLEX CRIMINAL DEFENSE A Primer on DOJ’s Swiss Bank Program a. Background Information From the outside looking in, it is easy to accuse those who are unfamiliar with the Department of Justice’s Swiss Bank Program as living under a rock. But that is presumptuous when you are a tax attorney who is immersed in this work every day. Let’s begin with some background information. The Swiss Bank Program was unveiled on August 29, 2013. It provides a path for Swiss banks to resolve potential criminal liabilities in the United States. In order to participate, Swiss banks had to take the “bull by its horns” and notify the Department of Justice by December 31, 2013 that they had reason to believe that they had committed tax-related criminal crimes in connection with unreported U.S.-related accounts. In other words, they had to “eat crow.” Banks already under criminal investigation for shady banking activities (along with any individuals who work for such banks) were deemed ineligible from participating in the program. In order to be eligible for a non-prosecution agreement, banks must do the following: (1) Make a complete disclosure of their cross-border activities; (2) Provide detailed information on an account-by-account basis for accounts in which U.S. taxpayers have a direct or indirect interest; (3) Cooperate in treaty requests for account information; (4) Provide detailed information as to other banks that transferred funds into secret accounts or that accepted funds when secret accounts were closed; (5) Agree to close accounts of accountholders who fail to come into compliance with U.S. -
Terms of Business of the Swiss National Bank
Terms of Business 2019 Table of contents 1 General conditions 1.1 Purpose and scope of application 1 1.2 Exclusion of an obligation to contract 1 1.3 Conflict with other terms of business 1 1.4 Formal requirements for the SNB’s contracting partners 2 1.5 Recording of telephone conversations 2 1.6 Authority to sign on behalf of the SNB 2 1.7 Authority to sign on behalf of the contracting partners 3 1.8 Communications from the SNB 3 1.9 Liability of the SNB 3 1.10 Rights of lien and setoff 4 1.11 Charges 4 1.12 Place of performance 4 1.13 Notice of termination 5 1.14 Business hours 5 1.15 Applicable law and jurisdiction 5 1.16 Amendments to Terms of Business and conditions 5 1.17 General provision on data protection 6 1.18 Publication of data for specific bank services 6 2 Payment transactions 2.1 Admission to the giro system 7 2.2 Sight deposit account conditions 7 2.3 Cheque transactions 8 2.4 Collection 8 2.5 Cash transactions 8 3 Repo transactions 3.1 General 10 3.2 Open market operations 10 3.3 Standing facilities 10 4 Foreign exchange and gold transactions 4.1 Foreign exchange transactions 12 4.2 Gold operations 12 5 Custody services 5.1 Purchase and sale of custody assets 13 5.2 Custody and administration of custody assets 13 Annexes I List of head offices and agencies of the Swiss National Bank 15 II Instruction sheets applicable in conjunction with these Terms of Business 16 Swiss National Bank Secretariat General P.O. -
Editorial Announcement
SIX Management AG Editorial announcement Selnaustrasse 30 Postfach 1758 CH-8021 Zürich www.six-group.com 2 March 2016 Media Relations: T +41 58 399 2227 F +41 58 499 2710 [email protected] Pay using Paymit at some small merchants from today The first shops and restaurants now accept Paymit, the most used mobile payment app in Switzerland. The one-month pilot phase for the first Paymit solution for cashless, mobile payments is starting today. From today, you can use Paymit to make mobile and cashless payments in selected shops and restaurants. The new solution is particularly suitable for merchants and service providers that previously only accepted cash, such as small cafes, take-aways, market stalls or unstaffed points of sale. With Paymit, merchants and their customers have a simple, reliable option for cashless payments even if there is no card terminal. The pilot phase for merchants will run from now until the end of March 2016. Shop or restaurant owners that are interested can register from now via the website www.paymit.com. After SIX carries out a check, they receive a QR code as a sticker, which they can attach to their point of sale. To make a payment, the customer scans this QR code with his Paymit app, enters the amount and then pays. Mobile payments make cash handling far easier for smaller merchants. Domino’s Pizza, Dieci, Coppolini, Il Caffè and the Student Union (SHSG) of the University of St. Gallen are among the first pilot merchants. To activate the new merchant function, all Paymit apps from SIX, UBS, Zürcher Kantonalbank and Luzerner Kantonalbank are being updated. -
Basler Kantonalbank
Basler Kantonalbank Primary Credit Analyst: Heiko Verhaag, CFA, FRM, Frankfurt + 49 693 399 9215; [email protected] Secondary Contact: Harm Semder, Frankfurt + 49 693 399 9158; [email protected] Table Of Contents Major Rating Factors Outlook Rationale Related Criteria WWW.STANDARDANDPOORS.COM/RATINGSDIRECT DECEMBER 11, 2020 1 Basler Kantonalbank Additional SACP a Support +4 0 + + Factors Anchor a- Issuer Credit Rating ALAC 0 Business Support Adequate Position 0 Capital and GRE Support Very Strong +4 Earnings +2 Risk Position Moderate -1 Group AA+/Stable/A-1+ Support 0 Funding Average 0 Sovereign Liquidity Strong Support 0 Major Rating Factors Strengths: Weaknesses: • Extremely high likelihood of support from the Swiss • Limited growth prospects in the saturated Basel-City Canton of Basel-City. banking market. • Very strong capitalization supported by stable • Earnings pressure from lower for longer interest-rate earnings generation. cycle. • Very strong customer franchise in home region. • Relatively weak operating efficiency, expected to gradually improve through synergies with Bank Cler. WWW.STANDARDANDPOORS.COM/RATINGSDIRECT DECEMBER 11, 2020 2 Basler Kantonalbank Outlook: Stable S&P Global Ratings' stable outlook on Switzerland-based Basler Kantonalbank (BKB) reflects that on its owner and guarantor, the Swiss Canton of Basel-City (AAA/Stable/A-1+). We expect BKB will, for the foreseeable future, continue to benefit from an extremely high likelihood of timely and sufficient extraordinary support from the Canton of Basel-City in the event of financial distress. In addition, we expect that BKB will maintain its sound market position and financial profile, underpinned by its very strong capitalization over the next 24 months. -
Finnova Banking Software End-To-End, Efficient, Open, Innovative 3
FINNOVA BANKING SOFTWARE END-TO-END, EFFICIENT, OPEN, INNOVATIVE 3 Table of contents Finnova at a glance 4 Smarter Banking 6 Finnova Banking Software’s winning formula 8 Value proposition for our customers 10 Finnova Banking Software at a glance 12 Further development of the Finnova Banking Software 20 Services 24 Finnova Channel Suite 28 Finnova Front Suite 34 Finnova Management Suite 40 Finnova Expert Suite 44 Finnova Solution Suite 58 Licence and price model 62 Lenzburg, September 2017 4 FINNOVA AT A GLANCE Finnova is a leading provider of banking software in the Swiss financial centre. We help banks and outsourcing providers to realise growth in the banking sector, even in chal- lenging times, thanks to efficient and innovative IT solutions compliant with regulatory requirements. ‘Smarter banking’ with Finnova – that is what we stand for. And that is why over 100 banks have already put their trust in us. Finnova was founded in 1974 and now employs around 400 people at its headquarters in Lenzburg and at branch offices in Chur, Seewen and Nyon. With the Finnova Banking Software, around 80 universal and 20 private banks benefit from the at- tractive total cost of ownership (TCO) of this very high-per- Today, more than 100 universal and private banks from Switzer- formance, reliable standard solution, which can be used front- land and Liechtenstein are among our customers. We have to-back for various business models thanks to its wide range evolved to become one of the leading banking software manu- of functions. facturers in the Swiss financial centre. The Finnova platform is open to software solutions devel- oped by banks or third parties such as fintechs, so that banks Our future can set themselves apart on the market in this period of digi- It is our ambition for the future to establish Finnova software talisation.