A non-partisan committee has launched a popular initiative to refocus the Basellandschaftliche Kantonalbank (BLKB) on regional services and propose a cap on management salaries.
The initiative aims to prioritize the needs of local companies and households by amending the Cantonal Banks Act.
The majority of the Bank Council should reside within the canton and not hold any political office.
BLKB has acknowledged the initiative and will analyze its demands.
The bank is concerned that implementing the proposed changes could reduce its business scope and must evaluate compatibility with existing legal provisions.
The initiative committee has mentioned BLKB's subsidiary, Radicant Bank AG, but the bank maintains that it has not lost trust among its clientele.
The outcome of this initiative could significantly impact BLKB's operational strategy and its relationship with the Basel community.