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Old 24.03.2017, 20:28
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bank coop becomes Bank CLER - implications?

bank coop sent out a letter that they will become Bank CLER. "Eine frische Bank mit jahrzehntelanger Tradition und solider Kapitalbasis" (something like "a fresh bank with tradition worth decades and solid capital base").
First time I heard about a "fresh bank".

The letter says absolutely nothing about reasons, what should be better for clients in future (it's just generally all better, fresher, easier .... LOL).

At first glance it just seems to me Coop wants out? Who knows anything about this? I'm suspicious.
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Old 24.03.2017, 20:34
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Re: bank coop becomes Bank CLER - implications?

From the NZZ:

https://www.nzz.ch/wirtschaft/bank-c...name-ld.152998

A restructuring, Basler Kantonal bank took over Coop's shares.

Interesting factoid gleaned from the article: Cler is Rätoromansch for 'klar'. I will go to bed a little less stupid tonight.
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Old 25.03.2017, 00:28
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Re: bank coop becomes Bank CLER - implications?

There is also a planet Claire but it could just be coincidence!
https://www.youtube.com/watch?v=1EPP3gkh_00
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