Risks and Warnings Surrounding René Benko’s Globus Investment: A Concern for Cantonal Banks

Several cantonal banks are at risk with René Benko’s Globus investment. They have increasingly come into focus since there has been speculation about the survival of Benko’s Signa group of companies. Even the European Central Bank has long since warned the financial industry of risks from the Benko environment. Signa invests in well-known retail brands such as KaDeWe or Selfridges and prestige properties throughout Europe. Signa became known in Switzerland with its takeover of Globus.