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WKB shareholders approved a dividend increase to CHF 4 per share and confirmed six current Board members, including Chairman Pierre-Alain Grichting. New members Laure Deppierraz and Hervé Udriot were elected, while a seat remains vacant until the 2026 AGM. Additionally, the Valais Cantonal Bank pledged CHF 1 million for reconstruction in Blatten after a rockfall and will suspend mortgage payments for affected customers until at least the end of 2025.
Schwyzer Kantonalbank is set to issue a bond worth CHF 150 million, with a maturity date of June 16, 2032. The bond features a coupon rate of 0.80%, an issue price of 100.306%, and a yield of 0.755%. It has received an AA+/AAA rating from S&P and ZKB, and will be listed on SIX starting June 13, 2025.
Ten years ago, an investment of CHF 1,000 in Berner Kantonalbank (BEKB) shares would have purchased 5,219 shares at CHF 191.60 each. Today, those shares are valued at CHF 250.00, making the investment worth CHF 1,304.80, reflecting a positive performance of 30.48%. The current market valuation of BEKB stands at CHF 2.31 billion.
UBS shares plummeted nearly 7% amid uncertainty over new capital regulations and falling interest rates in the Swiss franc. Analysts are divided on the impact, with some suggesting UBS can manage the additional capital requirements without hindering future buybacks and dividends, while others express concern over its earnings momentum due to weak net interest income. The Swiss National Bank's upcoming monetary policy assessment could further influence the bank's performance.
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.
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WKB Shareholders Approve Dividend and Board Changes Amid Rockfall Support
19:08 10.06.2025
Schwyzer Kantonalbank Issues 150 Million Franc Bond with 0.80 Percent Coupon
17:13 10.06.2025
Berner Kantonalbank Shares Show 30 Percent Growth Over Past Decade
16:41 10.06.2025
UBS Shares Plunge Amid Regulatory Concerns and Falling Interest Rates
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