|
Luzerner Kantonalbank
''Luzerner Kantonalbank'' is the cantonal bank and the dominant retail banking group in the Swiss canton of Lucerne, with a market share of 50-60%. Its main focus is on financing small businesses and personal mortgages in the local economy, the bank has avoided some of the issues facing its larger peers in Switzerland and non-performing loan A non-performing loan (NPL) is a bank loan that is subject to late repayment or is unlikely to be repaid by the borrower in full. Non-performing loans represent a major challenge for the banking sector, as they reduce profitability. They are ofte ...s remain at negligible levels. See also * List of Banks in Switzerland References External links Official website Cantonal banks Companies listed on the SIX Swiss Exchange {{Switzerland-bank-stub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Services
Financial services are service (economics), economic services tied to finance provided by financial institutions. Financial services encompass a broad range of tertiary sector of the economy, service sector activities, especially as concerns financial management and consumer finance. The finance industry in its most common sense concerns commercial banks that provide market liquidity, derivative (finance), risk instruments, and broker, brokerage for large public company, public companies and multinational corporations at a macroeconomics, macroeconomic scale that impacts domestic politics and foreign relations. The extragovernmental power and scale of the finance industry remains an ongoing controversy in many industrialized Western economies, as seen in the American Occupy Wall Street civil protest movement of 2011. Styles of financial institution include credit union, bank, savings and loan association, trust company, building society, brokerage firm, payment processor, many ty ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Luzern
Lucerne ( ) or Luzern ()Other languages: ; ; ; . is a city in central Switzerland, in the Languages of Switzerland, German-speaking portion of the country. Lucerne is the capital of the canton of Lucerne and part of the Lucerne (district), district of the same name. With a population of approximately 82,000 people, Lucerne is List of cities in Switzerland, the most populous city in Central Switzerland, and a nexus of economics, transport, culture, and media in the region. The city's urban area consists of 19 municipalities and towns with an overall population of about 220,000 people. Owing to its location on the shores of Lake Lucerne () and its outflow, the river Reuss (river), Reuss, within sight of the mounts Pilatus (mountain), Pilatus and Rigi in the Swiss Alps, Lucerne has long been a destination for tourists. One of the city's landmarks is the Chapel Bridge (), a wooden bridge first erected in the 14th century. The official language of Lucerne is German language, Germ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Switzerland
Switzerland, officially the Swiss Confederation, is a landlocked country located in west-central Europe. It is bordered by Italy to the south, France to the west, Germany to the north, and Austria and Liechtenstein to the east. Switzerland is geographically divided among the Swiss Plateau, the Swiss Alps, Alps and the Jura Mountains, Jura; the Alps occupy the greater part of the territory, whereas most of the country's Demographics of Switzerland, 9 million people are concentrated on the plateau, which hosts List of cities in Switzerland, its largest cities and economic centres, including Zurich, Geneva, and Lausanne. Switzerland is a federal republic composed of Cantons of Switzerland, 26 cantons, with federal authorities based in Bern. It has four main linguistic and cultural regions: German, French, Italian and Romansh language, Romansh. Although most Swiss are German-speaking, national identity is fairly cohesive, being rooted in a common historical background, shared ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banking
A bank is a financial institution that accepts Deposit account, deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. As banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of Bank regulation, regulation over banks. Most countries have institutionalized a system known as fractional-reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure accounting liquidity, liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but, in many ways, functioned as a continuation of ideas and concepts o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cantonal Bank
The cantonal banks (German: ''Kantonalbank'', French: ''banque cantonale'', Italian: ''banca cantonale'') are 24 Swiss government-owned commercial banks. Most of them were founded between 1834 and 1916, although the Banque cantonale du Jura was founded in 1979, as the canton of Jura was not formed until 1978, by its separation from the Canton of Berne. 21 are provided by the canton in which they are based, with a guarantee for the assets held there. Description Traditionally, cantonal banks are especially strong in savings and mortgage products. Currently they are in the process of being partially privatized. The cantonal banks are organised and regulated by the Association of Swiss Cantonal Banks, with its office in Basel. As a group, the cantonal banks account for about 30% of the banking sector in Switzerland, with a network of over 800 branches and 16 000 employees in Switzerland. In 2021 the consolidated total assets of all cantonal banks were around 750 bln CHF, which ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Retail Banking
Retail banking, also known as consumer banking or personal banking, is the provision of services by a bank to the general public, rather than to companies, corporations or other banks, which are often described as wholesale banking (corporate banking). Banking services which are regarded as retail include provision of savings and transactional accounts, mortgages, personal loans, debit cards, and credit cards. Retail banking is also distinguished from investment banking or commercial banking. It may also refer to a division or department of a bank which deals with individual customers. In the U.S., the term ''commercial bank'' is used for a ''normal'' bank to distinguish it from an investment bank. After the Great Depression, the Glass–Steagall Act restricted normal banks to banking activities, and investment banks to capital market activities. That distinction was repealed in the 1990s. Commercial bank can also refer to a bank or a division of a bank that deals mostly ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Canton Of Lucerne
The canton of Lucerne ( ; ; ; ) is a Cantons of Switzerland, canton of Switzerland. It is located in the country's central, German-speaking Switzerland, German-speaking part. The population of the canton (as of ) is . , the population included 57,268 foreigners, or about 15.8% of the total population. The cantonal capital is the city of Lucerne. History The canton of Lucerne comprises territories acquired by its capital Lucerne, either by treaty, armed occupation or purchase. The first town acquired was Weggis (in 1380), Rothenburg, Switzerland, Rothenburg, Kriens, Horw, Sempach and Hochdorf, Lucerne, Hochdorf (all in 1394), Wolhusen and Entlebuch (1405), the so-called "Habsburger region" to the northeast of the town of Lucerne (1406), Willisau (1407), Sursee and Beromünster (1415), Malters (1477) and Littau (1481), while in 1803, in exchange for Hitzkirch, Merenschwand (held since 1397) was given up. Prehistory The oldest traces of humans in the Lucerne area are stone artifac ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Non-performing Loan
A non-performing loan (NPL) is a bank loan that is subject to late repayment or is unlikely to be repaid by the borrower in full. Non-performing loans represent a major challenge for the banking sector, as they reduce profitability. They are often claimed to prevent banks from lending more to businesses and consumers, which in turn slows economic growth, although this theory is disputed. In the European Union, the management of the NPLs resulting from the 2008 financial crisis has become a politically sensitive topic, culminating in 2017 with the decision by the European Council to task the European Commission to launch an action plan to tackle NPLs. The action plan supports the fostering of a secondary market for NPLs and the creation of Asset Management Companies (aka bad banks). In December 2020, this action plan was revised in the wake of the COVID-19 pandemic crisis. Definition Non-performing loans are generally recognised as per the following criteria: * Payments of inter ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of Banks In Switzerland
Systemically important banks Globally systemically important banks * UBS Group AG (including Credit Suisse) Domestically systemically important banks Source: * Zurich Cantonal Bank * Raiffeisen * PostFinance * Migros Bank * Bank Cler Top-tier Swiss banks Other Swiss-based banks with a significant presence domestically and overseas with considerable assets under management. *Julius Baer Group * Vontobel * Pictet Group * Lombard Odier * J. Safra Sarasin * Union Bancaire Privée * EFG International * Mirabaud Group Family-owned Swiss banks * Banque Heritage * Bank SYZ * ONE Swiss Bank SA * Bordier & Cie * Compagnie Bancaire Helvétique *Edmond de Rothschild Group * Geneva Swiss Bank * Gonet & Cie * E. Gutzwiller & Cie, Banquiers *Habib Bank AG Zurich * Lienhardt & Partner Privatbank Zürich * Reichmuth & Co * REYL Group * Union Bancaire Privée *Rahn+Bodmer Co. * Vontobel * Mirabaud Group Ethical banks in Switzerland * Alternative Bank Switzerland Swiss branches of interna ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cantonal Banks
The cantonal banks (German language, German: ''Kantonalbank'', French language, French: ''banque cantonale'', Italian language, Italian: ''banca cantonale'') are 24 Switzerland, Swiss government-owned commercial banks. Most of them were founded between 1834 and 1916, although the Banque cantonale du Jura was founded in 1979, as the canton of Jura was not formed until 1978, by its separation from the Canton of Berne. 21 are provided by the Cantons of Switzerland, canton in which they are based, with a guarantee for the assets held there. Description Traditionally, cantonal banks are especially strong in savings and mortgage products. Currently they are in the process of being partially privatized. The cantonal banks are organised and regulated by the Association of Swiss Cantonal Banks, with its office in Basel. As a group, the cantonal banks account for about 30% of the banking sector in Switzerland, with a network of over 800 branches and 16 000 employees in Switzerland. In 20 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
