This article may be expanded with text translated from the corresponding article in German. (August 2015) Click [show] for important translation instructions.
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Basler Kantonalbank (Basel Cantonal Bank) is a Swiss cantonal bank that is one of the 24 cantonal banks serving Switzerland's 26 cantons. Founded in 1899, in 2019 Basler Kantonalbank had 15 branches with 842 employees; the total assets of the bank were CHF 27.305 billion. Basler Kantonalbank has a full state guarantee of its liabilities.[1]
Since 1999, it has had a majority ownership of Bank Cler (former Coop Bank).
In October 2012 the bank's CEO, Hans Rudolf Matter, resigned after 620 clients lost more than CHF 100 million in a scandal involving ASE investments. Eventually the number of affected clients grew to about 1,500.[2]
In 2013, Chairman Andreas Albrecht was forced to resign following the Swiss Financial Market Supervisory Authority (FINMA) determined that the bank had rigged sales of its own participation certificates. On 21 November 2013, BKB was ordered to pay back CHF 2.6 million ($2.9 million) that it had earned through these improper sales.[3]
Organization
The highest governing body of Basler Kantonalbank is the Bank Council. This council has 9 members, with Adrian Bult as the current president. Operational responsibility lies with the executive Board, which has six members and is currently headed by Basil Heeb ([Chief Executive Officer]).
basler, kantonalbank, this, article, expanded, with, text, translated, from, corresponding, article, german, august, 2015, click, show, important, translation, instructions, view, machine, translated, version, german, article, machine, translation, like, deepl. This article may be expanded with text translated from the corresponding article in German August 2015 Click show for important translation instructions View a machine translated version of the German article Machine translation like DeepL or Google Translate is a useful starting point for translations but translators must revise errors as necessary and confirm that the translation is accurate rather than simply copy pasting machine translated text into the English Wikipedia Consider adding a topic to this template there are already 9 659 articles in the main category and specifying topic will aid in categorization Do not translate text that appears unreliable or low quality If possible verify the text with references provided in the foreign language article You must provide copyright attribution in the edit summary accompanying your translation by providing an interlanguage link to the source of your translation A model attribution edit summary is Content in this edit is translated from the existing German Wikipedia article at de Basler Kantonalbank see its history for attribution You should also add the template Translated de Basler Kantonalbank to the talk page For more guidance see Wikipedia Translation Basler Kantonalbank Basel Cantonal Bank is a Swiss cantonal bank that is one of the 24 cantonal banks serving Switzerland s 26 cantons Founded in 1899 in 2019 Basler Kantonalbank had 15 branches with 842 employees the total assets of the bank were CHF 27 305 billion Basler Kantonalbank has a full state guarantee of its liabilities 1 Basler KantonalbankISINCH0009236461 IndustryFinancial service activities except insurance and pension funding Founded1899HeadquartersBasel Switzerland ServicesBankingOperating income160 09 mln CHF 2017 1 Total assets24085 mln CHF 2017 1 Number of employees1284 2015 1 Websitebkb ch Contents 1 History 2 Organization 3 See also 4 References 5 External linksHistory EditSince 1999 it has had a majority ownership of Bank Cler former Coop Bank In October 2012 the bank s CEO Hans Rudolf Matter resigned after 620 clients lost more than CHF 100 million in a scandal involving ASE investments Eventually the number of affected clients grew to about 1 500 2 In 2013 Chairman Andreas Albrecht was forced to resign following the Swiss Financial Market Supervisory Authority FINMA determined that the bank had rigged sales of its own participation certificates On 21 November 2013 BKB was ordered to pay back CHF 2 6 million 2 9 million that it had earned through these improper sales 3 Organization EditThe highest governing body of Basler Kantonalbank is the Bank Council This council has 9 members with Adrian Bult as the current president Operational responsibility lies with the executive Board which has six members and is currently headed by Basil Heeb Chief Executive Officer See also EditCantonal bank List of banks in SwitzerlandReferences Edit a b c d Bank Profile Basler Kantonalbank Stalder Philippe 23 March 2015 Die kriminellste Gemeinde der Schweiz Tages Anzeiger Basel cantonal bank chairman resigns over scandal Swiss info ch 29 November 2013 External links EditOfficial website The BKB Financial Year in 2019 Documents and clippings about Basler Kantonalbank in the 20th Century Press Archives of the ZBW Portals Banks Switzerland Coordinates 47 33 10 N 7 35 36 E 47 5527 N 7 5934 E 47 5527 7 5934 Retrieved from https en wikipedia org w index php title Basler Kantonalbank amp oldid 1017035843, wikipedia, wiki, book, books, library,
