Heinz Huber, the former CEO of Raiffeisen Schweiz, is under scrutiny for allegedly misusing sponsorship funds. Reports indicate he used tickets meant for bank clients to attend top-tier events with his private circle, including ski races. Additionally, Huber reportedly expensed hotel and dining costs through unauthorized channels, bypassing internal approval processes. Raiffeisen Schweiz stated that all expenses are processed according to internal protocols but refrained from commenting on Huber’s actions. Huber, now heading Graubündner Kantonalbank, has not responded to inquiries.
about Raiffeisen Schweiz CEO Scandal: Misuse of Sponsorship FundsRaiffeisen Switzerland
0 in Finance and 0 in Crypto last weekRaiffeisen Schweiz CEO Scandal: Misuse of Sponsorship Funds
Heinz Huber, the former CEO of Raiffeisen Schweiz, is under scrutiny for allegedly misusing sponsorship funds. Reports indicate he used tickets meant for clients to attend ski races and other high-profile events with his private circle. Additionally, Huber reportedly expensed hotels and meals through unauthorized cost centers, bypassing internal approval processes. Raiffeisen Schweiz has stated that all expenses are processed according to internal guidelines but refrained from commenting on Huber’s actions. Huber, now transitioning to a role at Bündner Kantonalbank, has not responded to inquiries.
about Raiffeisen Schweiz CEO Scandal: Misuse of Sponsorship FundsLeonteq Board Proposes Rejection of Shareholder Capital Return Proposals
Leonteq’s Board of Directors opposes two shareholder proposals for returning surplus capital, including a share buyback and a CHF 3.00 per share distribution. They plan to hold an Extraordinary General Meeting to discuss capital repayment methods after regulatory developments. Additionally, two board members will not seek re-election, with Sylvia Steinmann proposed as a new independent member.
about Leonteq Board Proposes Rejection of Shareholder Capital Return ProposalsPotential CEO Candidates Emerge for Raiffeisen Switzerland Following Leadership Vacancy
Nicole Pauli, currently head of Amag Leasing, is a leading candidate for the CEO position at Raiffeisen Switzerland, which has been vacant since Heinz Huber’s departure. She faces internal competition from Roger Reist, Head of Corporate Clients, and interim CEO Christian Poerschke, whose past ties to the Pierin Vincenz era may hinder his candidacy.
about Potential CEO Candidates Emerge for Raiffeisen Switzerland Following Leadership VacancyRaiffeisen Switzerland Reports Decreased Earnings and Leonteq Stake Write-Off
Raiffeisen Switzerland has reported a decline in earnings and has written off its stake in Leonteq. The financial institution is prepared to provide updates directly in the event of breaking news, with notification options available for adjustment in browser settings.
about Raiffeisen Switzerland Reports Decreased Earnings and Leonteq Stake Write-OffRaiffeisen Employees Demand Home Office Amid New Work Policy Changes
Raiffeisen employees are expressing dissatisfaction as the bank plans to limit home office days from four to two starting in June, reversing the flexible work policy introduced during the pandemic. Critics argue that this shift undermines the bank’s image as an attractive employer, despite previous praise for its flexible working arrangements. Management believes that increased office presence will enhance team collaboration and problem-solving.
about Raiffeisen Employees Demand Home Office Amid New Work Policy ChangesSchwyz KB Leader Susanne Thellung Competes for Raiffeisen CEO Position
The race to succeed Heinz Huber as CEO of Raiffeisen Switzerland is heating up, with Susanne Thellung of Schwyzer Kantonalbank and interim CEO Christian Poerschke as the main contenders. Thellung’s application comes amid significant turmoil in her current bank’s Operations and IT departments, raising questions about her leadership during a crisis. Poerschke, who has been at the helm since Huber’s departure, faces scrutiny over his past role in Controlling during a controversial period under former CEO Pierin Vincenz.
about Schwyz KB Leader Susanne Thellung Competes for Raiffeisen CEO PositionImpact of Trump’s Tariffs on Swiss Companies and Stock Market
Trump’s proposed tariffs could significantly impact Swiss companies, which derive about 30% of their sales from the U.S. Key sectors like pharmaceuticals, mechanical engineering, watches, and food are particularly vulnerable. The uncertainty surrounding the specific trade measures adds to investor concerns.
about Impact of Trump's Tariffs on Swiss Companies and Stock MarketRaiffeisen Banks Cut Monthly Cash Withdrawal Limits for Savings Accounts
Raiffeisenbank Glarnerland will reduce monthly cash withdrawals from CHF 20,000 to CHF 10,000 by mid-2025, following Raiffeisen Switzerland’s new recommendation. This change reflects stricter liquidity requirements imposed on banks, with individual Raiffeisen banks having the discretion to set their own limits.
about Raiffeisen Banks Cut Monthly Cash Withdrawal Limits for Savings Accounts