Banque Cantonale Vaudoise · Lausanne Switzerland ·(Swiss: BCVN)
Company Description
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This link will open in a new window Despite its name, Banque Cantonale Vaudoise (BCV) is more than a regional bank, serving customers throughout the Swiss canton of Vaud and beyond as one of the nation's largest banks. BCV's approximately 70 locations offer consumers and businesses a range of retail banking services, including deposit banking and loans. Real estate and construction loans top BCV's loan portfolio; some 80% of loans are made to customers in Vaud. The group also provides wealth management, securities brokerage, and corporate banking services. The Vaud government owns two-thirds of BCV's shares (but is planning to reduce its stake to 50.12%). To read the full description, subscribe now.
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Key Banque Cantonale Vaudoise Financials
| Company Type | Public - Swiss: BCVN Headquarters |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | $2,665.6 |
| Employees | 2,045 |
Banque Cantonale Vaudoise Executives
16 executives listed for Banque Cantonale Vaudoise's Lausanne, location.
| Title | Name & Bio | Contact |
| Chairman | Olivier Steimer | Network |
| Vice Chairman | Jean-Luc Strohm | Network |
| CEO and Executive Board Member | Pascal Kiener | Network |
Competition
Competitive Landscape for Banque Cantonale Vaudoise
Demand is driven by economic activity that results in company mergers, acquisitions, or public financing. The profitability of an investment bank depends on its ability to accurately assess both the value of a business transaction and the readiness of the market to buy the attendant debt or equity. Big firms have an advantage because large customer transactions require firms with substantial financial resources. Small investment banks can compete by participating in syndications and operating in regional markets or specialized industries. Although labor-intensive, the industry produces very high value: average annual revenue per employee at large firms is under $1 million. The global financial crisis of 2008-2009 dramatically altered the landscape of the investment banking industry. Morgan Stanley and Goldman Sachs, the only large firms still intact, have changed their status from investment banks to bank-holding companies. Both firms still engage primarily in investment banking, but former industry leaders such as Bear Stearns, Merrill Lynch, and Lehman Brothers have either been acquired or have filed for bankruptcy protection. The demise of these firms and the late 2000s recession have likely ushered in a new era in which the creation of innovative but risky financial instruments will be replaced by more traditional banking services. The new environment also means more industry oversight by the federal government, which had to step in and bail out dozens of financial services firms with billions of dollars of taxpayers' money. To read the full description, subscribe now.Top Banque Cantonale Vaudoise Competitors
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