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Basellandschaftliche Kantonalbank (BLKB) has announced this morning that chair of the board of directors, Thomas Schneider, and CEO, John Häfelfinger, are set to depart in 2026.
Additionally, it has written down the value of its stake in digital bank Radicant by CHF 105.5m.
The impairments are due to delays in integration of the fiduciary business of Radicant Business Services and unforeseen issues such as lower customer numbers, lower revenues, and higher costs in the fiduciary business.
