US EditionRadicant Bank to Cease Operations
8 Articles
8 Articles
Baselbieter Kantonalbank (BLKB) returns Radicant's bank license and initiates the orderly liquidation.
On the one hand, the progressive CEO of Basellandschaftliche Kantonalbank, John Häfelfinger, who wanted to broaden the spectrum of the BLKB with a Neo-Bank and set a large foothold in the new FinTech era. On the other hand, the conservative Landrat, the parliament of the canton of Basel-Landschaft, whose members have nothing to do with FinTech – one wants a cantonal bank that focuses on its core tasks in the canton. Both positions are legitimate…
The Basellandschaftliche Kantonalbank (BLKB) pulls the plug at its online subsidiary Radicant after about two years.
The Basel-Landschaft Cantonal Bank (BLKB) has decided to revoke the banking license of its troubled subsidiary, Radicant, and initiate its liquidation. The Rhine-based bank's annual profit will be significantly impacted, but dividends will be maintained.
Radicant ceases its business activities. The step is taken after majority shareholder BLKB failed to find a buyer for her shares in the Digitalbank. Radicant returns her bank license and initiates the ordinary liquidation.
radicant bank to Cease Operations
The Board of Directors of radicant bank has decided, in consultation with its majority shareholder, Basellandschaftliche Kantonalbank (BLKB), to cease its business operations. radicant holding ag and radicant business services ag will also cease their activities. On September 23, the BLKB Board resolved to end its engagement with radicant. Following a review of various sale options, no solution could be found to continue the bank’s operations. C…
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