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Raiffeisenbank Benken has modernized its voting process, with 99.8% approval for board proposals and over 84% of members voting online. Celebrating a profit of CHF 524,772, the bank emphasizes community commitment, supporting local initiatives like the nature adventure garden and cultural events, fostering a strong regional connection among its members.
A Swiss court has ruled that Credit Suisse shareholders will not receive compensation for losses from the bank's forced sale to UBS in March 2023. The Federal Supreme Court dismissed claims from two investors who argued the government misled the public about the bank's stability before the emergency sale, which occurred at a significant loss to shareholders. The ruling may set a precedent for other investors pursuing claims against the federal government, as legal actions continue regarding the write-off of CHF 16 billion in AT1 bonds and other related issues.
UBS shares fell by 1.5% to CHF 26.19 in afternoon trading, marking a decline from an opening price of CHF 26.73. The stock is currently 25.54% below its 52-week high of CHF 32.88 and 26.77% above its low of CHF 20.66. Experts anticipate a dividend of USD 0.986 for the year, with earnings per share expected at USD 2.04.
The Herdern municipal council plans to purchase the former Raiffeisen bank building for 2.1 million francs, with voters set to decide on the loan on September 28. Despite a projected loss, the 2024 accounts closed with a profit of CHF 237,964, prompting caution against a proposed tax cut due to uncertain future economic conditions.
More than two years after its emergency merger with UBS, Credit Suisse continues to face legal challenges in Swiss courts, particularly regarding executive bonuses and shareholder losses. Recent court rulings have sparked renewed debates, with the Treasury Department planning to contest a decision that deemed restrictions on bonuses illegal, while a couple's claim for compensation after losing CHF 80,000 in shares was rejected. The situation highlights ongoing tensions surrounding banking regulation and executive remuneration in Switzerland.
The Credit Suisse bailout continues to spark legal disputes, with the Ministry of Finance appealing a court ruling on executive bonuses while a couple's compensation claim for losses from the bank's shares was rejected. The Federal Court deemed the government's bonus cuts unlawful, igniting further controversy amid ongoing litigation from shareholders and investors regarding the bank's financial instruments.
The aftermath of Credit Suisse's bailout continues to spark legal disputes, particularly over bonuses and shareholder compensation. The Swiss Federal Court recently ruled against a couple seeking compensation for losses incurred from buying shares before the bank's rescue, while the Ministry of Finance plans to appeal a ruling deemed "unlawful" regarding the reduction of bonuses for bank executives. Legal actions are proliferating, with over 3,000 former shareholders challenging the buyback price and institutional investors contesting the value of AT1 bonds.
The Federal Supreme Court has dismissed a lawsuit from a married couple seeking compensation from the Swiss Confederation for losses incurred from their investment in Credit Suisse shares. The court ruled that the plaintiffs were responsible for their financial decisions, emphasizing that share purchases carry inherent risks and the state is not liable for stock market speculation. The couple had invested CHF 84,636 shortly before the bank's collapse, ultimately selling their shares for just CHF 30,187 after the emergency merger with UBS.
The fallout from Credit Suisse's bailout continues, with ongoing court disputes over bonuses and shareholder compensation more than two years after its collapse. The Federal Court recently ruled against a couple seeking compensation for losses incurred from buying shares before the bank's rescue, while the Ministry of Finance plans to appeal a ruling deemed "unlawful" regarding the reduction of bonuses for bank executives. Legal actions are proliferating, including demands from over 3,000 former shareholders for a re-evaluation of the purchase price and institutional investors contesting the value of AT1 bonds.
The Federal Supreme Court has denied compensation claims from a couple who lost money on their Credit Suisse shares, purchased shortly before the bank's collapse. They sought CHF 54,601 from the Confederation, arguing they relied on the Federal Council's assurances of the bank's stability. After the UBS takeover announcement, they sold their shares for CHF 30,187, significantly less than their initial investment.
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Raiffeisenbank Benken Celebrates Community Support and Impressive Financial Success
06:03 24.05.2025
Swiss Court Denies Compensation to Credit Suisse Shareholders After UBS Sale
21:41 23.05.2025
UBS Shares Decline Amid Mixed Financial Outlook and Trading Activity
20:07 23.05.2025
Herdern Council Approves Property Purchase Amid Record Profit and Tax Concerns
18:30 23.05.2025
Credit Suisse Legal Battles Continue Two Years After UBS Merger
18:09 23.05.2025
Credit Suisse Bailout Sparks Legal Battles Over Bonuses and Shareholder Losses
17:57 23.05.2025
Credit Suisse Bailout Sparks Legal Battles Over Bonuses and Shareholder Losses
17:56 23.05.2025
Federal Supreme Court Rules Against Couple in Credit Suisse Losses Case
16:54 23.05.2025
Credit Suisse Bailout Sparks Ongoing Legal Battles Over Bonuses and Compensation
16:46 23.05.2025
Federal Supreme Court Denies Compensation to Credit Suisse Shareholders
14:38 23.05.2025
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