A new initiative titled "BLKB - the bank for the Basel region" aims to amend the Cantonal Banks Act, focusing Basellandschaftliche Kantonalbank (BLKB) on regional services rather than universal banking. It proposes salary caps for executives, limits on severance pay, and increased oversight from the cantonal council. BLKB warns that implementing these changes could lead to a decline in business volume and profitability.
A non-partisan committee, led by Peter Riebli, has launched an initiative to refocus the Basellandschaftliche Kantonalbank (BLKB) on the Basel region, criticizing its current strategy and investments, particularly in the online bank Radicant. The proposed changes aim to amend the Cantonal Banks Act to redefine BLKB as a regional bank, enhancing local influence and addressing concerns over its progressive positions and financial performance. BLKB warns that such a shift could lead to a decline in business volume and profitability.
A non-partisan committee has launched a popular initiative urging Basellandschaftliche Kantonalbank (BLKB) to prioritize regional services and cap management salaries. The initiative seeks amendments to the Cantonal Banks Act, emphasizing the bank's role in serving local companies and households, while also limiting management compensation and enhancing oversight by the cantonal council.
A non-partisan committee has launched a popular initiative urging Basellandschaftliche Kantonalbank (BLKB) to prioritize regional services and cap management salaries. The initiative seeks amendments to the Cantonal Banks Act, emphasizing local needs and increasing cantonal council influence over bank governance. BLKB has acknowledged the initiative and will assess its implications, noting potential business scope reductions.
A non-partisan committee has launched a popular initiative urging Basellandschaftliche Kantonalbank (BLKB) to prioritize regional services and cap management salaries. The initiative seeks amendments to the Cantonal Banks Act, emphasizing local needs and limiting executive compensation, while BLKB plans to evaluate the potential impacts of these demands.
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