Wealth and Asset Management
Cantonal bank profits drop after losing CHF 17m on financial assets in March
Although the Luzerner Kantonalbank increased operationally in the first quarter of 2020, the profit declined. The reason is the market distortions due to the coronavirus pandemic. This will continue to burden the institute in coming quarters. The Luzerner Kantonalbank (LUKB) posted a profit of CHF 46.9 million in the first…
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