> *Basellandschaftliche Kantonalbank (BLKB) intends to sell its troubled subsidiary Radicant. If this is unsuccessful, closure is possible.*
> The Bank Council has concluded that BLKB is not the most suitable owner for the digital bank, according to a statement on Wednesday. Therefore, a sale is now being pursued.
> The Bank Council has set a time limit for this. However, no details regarding the specific plans, the time limit, or the potential buyers can be provided, as this would otherwise disrupt the sale process. “Should the sales process not be successful within the deadline we have set, the bank license may also be returned,” said Bank Council Chairman Thomas Bauer.
> The press release also emphasizes that Radicant has made recent progress, for example in customer growth and the development of SME applications.
PineapplesGoHard on
damn that’s a shame, it’s the best neobank atm imho
Batmanbacon on
I see in my crystal ball that they will introduce a monthly fee for the account, introduce fees for currency conversion and transactions abroad, introduce Radicant gold for only 4.99 with unlimited withdrawals, and then go bankrupt in 2027 because it would become another shitty revolut clone.
How hard it is to make money, when your clients literally give you theirs?
3 commenti
Translation:
> *Basellandschaftliche Kantonalbank (BLKB) intends to sell its troubled subsidiary Radicant. If this is unsuccessful, closure is possible.*
> The Bank Council has concluded that BLKB is not the most suitable owner for the digital bank, according to a statement on Wednesday. Therefore, a sale is now being pursued.
> The Bank Council has set a time limit for this. However, no details regarding the specific plans, the time limit, or the potential buyers can be provided, as this would otherwise disrupt the sale process. “Should the sales process not be successful within the deadline we have set, the bank license may also be returned,” said Bank Council Chairman Thomas Bauer.
> The press release also emphasizes that Radicant has made recent progress, for example in customer growth and the development of SME applications.
damn that’s a shame, it’s the best neobank atm imho
I see in my crystal ball that they will introduce a monthly fee for the account, introduce fees for currency conversion and transactions abroad, introduce Radicant gold for only 4.99 with unlimited withdrawals, and then go bankrupt in 2027 because it would become another shitty revolut clone.
How hard it is to make money, when your clients literally give you theirs?