UBS's subsidiary is currently on trial in Paris, facing allegations of exerting inappropriate pressure on two employees, Stéphanie Gibaud and Nicolas Forissier, who later became whistleblowers.

The accusations stem from actions taken between 2008 and 2010, where the employees were reportedly coerced into censoring meeting minutes and were denied promotions.

Both individuals had previously initiated UBS's tax dispute with France prior to 2010. UBS has denied any wrongdoing in court, asserting that the case is separate from the ongoing main case involving the bank.

The lawyer representing UBS emphasized that the events in question occurred over 15 years ago. The trial is set to continue until December 12.

Meanwhile, the main case, which involves UBS's unlawful solicitation of wealthy French clients and serious money laundering from 2004 to 2012, remains unresolved.

The Court of Cassation has upheld UBS's fundamental conviction, although the fines and civil damages are subject to renegotiation.

Following these developments, UBS shares experienced a temporary increase of 0.43%, trading at 28.93 francs on the SIX.