Die Kantonalbanken in Zahlen
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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. -
IRS Offshore Account Penalties Go Up, More Banks Listed
Robert W. Wood THE TAX LAWYER TAXES 7/31/2015 IRS Offshore Account Penalties Go Up, More Banks Listed Since July 1, eleven more Swiss banks have entered deferred prosecution agreements with the U.S. government. The subject is tax evasion involving American account holders. Today, banks everywhere want to know if you are compliant with the IRS. Under FATCA, the entire world is lending the IRS a hand. Meanwhile, the IRS has updated its list of the foreign banks where offshore accounts trigger a 50% (rather than 27.5%) penalty based on the highest account balances in the IRS’s long-running Offshore Voluntary Disclosure Program (OVDP). The list of banks keeps growing. The IRS recently added Privatbank Von Graffenried AG (effective 7/2/15); Banque Pasche SA (effective 7/9/15); ARVEST Privatbank AG (effective 7/9/15); Mercantil Bank (Schweiz) AG (effective 7/16/15); Banque Cantonale Neuchateloise (effective 7/16/15); Nidwaldner Kantonalbank (effective 7/16/15); SB Saanen Bank AG (effective 7/23/15); Privatbank Bellerive AG (effective 7/23/15); PKB Privatbank AG (effective date to be announced); Falcon Private Bank AG (effective date to be announced); and Credito Privato Commerciale in liquidazione SA (effective date to be announced). This higher penalty was created as part of the June 2014 OVDP reforms that created a more lenient deal for the non-willful, and a more stringent OVDP for others. There will be more additions as more and more Swiss banks conclude their discussions as part of the U.S. settlement. This comes on the heels of many other enforcement efforts, including John Doe summonses issued to FedEx, DHL, UPS, and HSBC relating to Sovereign. -
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 -
Ascom Enters Into a Syndicated Loan Agreement with Swiss Banks
MEDIA RELEASE Ascom enters into a syndicated loan agreement with Swiss banks Ascom enters into a syndicated loan agreement of CHF 60 million over four years with a Swiss bank consortium. Ascom and a bank consortium consisting of UBS Switzerland AG (lead), Baar, Switzerland Credit Suisse (Switzerland) Ltd., Zuger Kantonalbank, and Zürcher Kantonalbank signed a syndicated loan agreement for a period of four 20 November 2020 years. The syndicate banks are committed to make available to Ascom a senior revolving loan facility in an aggregate amount equal to CHF Daniel Lack 60 million, which serves general corporate purposes of the Group. The Senior VP Legal & Communications / IR credit facility includes customary financial covenants. Ascom Group Media Office +41 41 544 78 10 Moreover, the syndicate banks may make available to Ascom, on an [email protected] uncommitted basis, additional loan facilities in an aggregate amount equal to CHF 20 million for financing specific commercial projects. With this syndicated loan facility, Ascom will replace the existing bilateral credit facilities with two banks entered on 31 March 2020. About Ascom Ascom is a global solutions provider focused on healthcare ICT and mobile workflow solutions. The vision of Ascom is to close digital information gaps allowing for the best possible decisions – anytime and anywhere. Ascom’s mission is to provide mission-critical, real-time solutions for highly mobile, ad hoc, and time-sensitive environments. Ascom uses its unique product and solutions portfolio and software architecture capabilities to devise integration and mobilization solutions that provide truly smooth, complete, and efficient workflows for healthcare as well as for industry and retail sectors. -
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 -
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. -
Stabilität Im System? Datenkassation – Pilotprojekt Innovation@Van Lanschot 1 Wird Mit SHKB Umgesetzt 6 8
INSIGHT DEZEMBER 2017 Marktperspektive Finnova Consulting Finnova Community Stabilität im System? Datenkassation – Pilotprojekt Innovation@Van Lanschot 1 wird mit SHKB umgesetzt 6 8 MARKTPERSPEKTIVE LIEBE LESERIN, LIEBER LESER Als führender Bankensoftwarehersteller sehen STABILITÄT wir unsere primäre Aufgabe darin, die Banken und Finanzdienstleister in ihrer Leistungserstellung zu unterstützen. Kundennutzen zu generieren im IM SYSTEM? Kontext von Digitalisierung, Automatisierung, In- dus-trialisierung und Compliance-Vorgaben ist in der Tat eine echte Herausforderung. Die IFZ Retail-Banking-Studie 20171 bestätigt, dass die Hier setzt die diesjährige IFZ Retail-Banking- Zufriedenheit der Kunden von Schweizer Retailbanken Studie an. Sie hat die Zufriedenheit der Bankkun- im Wesentlichen auf den drei Faktoren «Preis/Leistung», den mit der Leistung ihrer Bank gemessen und ver- «Transparenz2» und «Kundenwertschätzung» basiert und glichen. Dies gibt uns wertvolle Hinweise – wir die Bereitschaft der Kunden, die Bankbeziehung zu wech- beschäftigen uns laufend mit der Frage, wo und seln, im einprozentigen Bereich konstant tief ist. Heureka wie wir über die ganze integrierte Wertschöp- oder Dilemma? Wie sind diese Erkenntnisse zu werten? fungskette hinweg Mehrwerte für die Bank und Ein Blick hinter die Kulissen und ein paar Gedanken zur ihre Kunden generieren können. möglichen Zukunft. «Von der Wiege bis zur Bahre», so sollen die per- sonenbezogenen Daten geschützt sein. Wie wird Dass die Aufspaltung der Wertschöpfungsketten im Banking aber sichergestellt, -
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. -
Exchange Council Election Eurex Deutschland Preliminary Voter List – As of 16 August 2019
Exchange Council Election Eurex Deutschland Preliminary Voter List – as of 16 August 2019 Voter group 1a cooperative credit institutions Company State DZ BANK AG Deutsche Zentral-Genossenschaftsbank Germany Page - 1 - Exchange Council Election Eurex Deutschland Preliminary Voter List – as of 16 August 2019 Voter group 1b credit institutions under public law Company State Bayerische Landesbank Germany DekaBank Deutsche Girozentrale Germany Hamburger Sparkasse AG Germany Kreissparkasse Köln Germany Landesbank Hessen-Thüringen Girozentrale Germany Landesbank Saar Germany Norddeutsche Landesbank - Girozentrale Germany NRW.BANK Germany Sparkasse Pforzheim Calw Germany Page - 2 - Exchange Council Election Eurex Deutschland Preliminary Voter List – as of 16 August 2019 Voter group 1c other credit institutions Company State ABN AMRO Bank N.V. Netherlands ABN AMRO Clearing Bank N.V. Netherlands B. Metzler seel. Sohn & Co. KGaA Germany Baader Bank Aktiengesellschaft Germany Banca Akros S.p.A. Italy Banca IMI S.p.A Italy Banca Sella Holding S.p.A. Italy Banca Simetica S.p.A. Italy Banco Bilbao Vizcaya Argentaria S.A. Spain Banco Comercial Português S.A. Portugal Banco Santander S.A. Spain Bank J. Safra Sarasin AG Switzerland Bank Julius Bär & Co. AG Switzerland Bank Vontobel AG Switzerland Bankhaus Lampe KG Germany Bankia S.A. Spain Bankinter Spain Banque de Luxembourg Luxemburg Banque Lombard Odier & Cie SA Switzerland Banque Pictet & Cie SA Switzerland Barclays Bank Ireland Plc Ireland Barclays Bank PLC United Kingdom Basler Kantonalbank Switzerland Berner Kantonalbank AG Switzerland Bethmann Bank AG Germany BNP Paribas United Kingdom BNP Paribas (Suisse) SA Switzerland BNP Paribas Fortis SA/NV Belgium BNP Paribas S.A. Niederlassung Deutschland Germany BNP Paribas Securities Services S.C.A.