The French subsidiary of UBS is currently facing legal scrutiny in Paris over allegations of harassment against two former employees who exposed the bank's illegal practices.
The trial, which began recently, focuses on claims that UBS France harassed former marketing manager Stéphanie Gibaud and former head of internal audit Nicolas Forissier between 2008 and 2010. The allegations include moral harassment, witness tampering, and obstructing the work of the health, safety, and working conditions committee (CHSCT).
The accusations detail a pattern of intimidation and retaliation against Gibaud and Forissier.
UBS's legal representative maintains that the company denies any wrongdoing.
This case is separate from previous legal challenges faced by UBS France, including fines for complicity in tax fraud laundering and illegal direct marketing. The parent company, UBS AG, has also faced significant financial penalties for facilitating tax evasion.
The ongoing trial highlights the challenges UBS faces in addressing its past misconduct and the potential implications for its reputation and corporate accountability.