popular initiative calls for regional focus and salary caps at blkb

Nau

BLKB is facing pressure to focus more on the needs of the Basel region and to realign its services accordingly.

Proposed Changes to the Cantonal Banks Act

A committee has proposed changes to the Cantonal Banks Act to ensure that BLKB prioritizes traditional regional banking services over universal banking services.

The committee also wants to impose restrictions on management salaries, including a limit on executive compensation and the elimination of severance pay.

Advocating for Greater Local Representation

The committee is advocating for greater local representation within the Bank Council to align the bank with regional interests.

Their efforts reflect a shared concern for the bank's role in supporting the local economy.

Potential Impact on BLKB

The proposed amendments to the Cantonal Banks Act could reshape BLKB's operational framework and redefine its relationship with the Basel region.

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