What had already been leaked to the media became a certainty this Monday: Julius Baer will cut about one in ten jobs in Switzerland over the coming months. This comes after assets under management reached new record levels in 2024 and profits recovered from the 2023...
The Parliamentary Commission of Inquiry (PCI) will publish its report on Friday. The Swiss Bank Employees Association expects explanations as to why the tame supervisory authorities allowed Credit Suisse to operate for years with lower equity capital than required by...
Equal treatment for all Credit Suisse and UBS employeesUBS today announced concrete details of how the integration of the Credit Suisse units in Switzerland will proceed. For the Swiss Bank Employees Association (SBEA), it is important that all employees of both banks...
Clear commitment to social partnership Some 100 delegates and guests from all over Switzerland met at today’s Assembly of Delegates of the Swiss Bank Employees Association (SBEA) in Zurich. In the annual report, Managing Director Natalia Ferrara and President Michael...
Social partnership negotiations now! UBS officially took over Credit Suisse today, but has still not issued any specific statements regarding what this move means for jobs. Employees have been living with uncertainty about their professional future for 85 days. This...
Press release of 27 October 2022, 8 a.m. Today, the Credit Suisse Group provided information about its future strategy. Due to the misguided business policies of past years, the business model is being reoriented – which is associated with massive job cuts. But it is...
The Swiss Bank Employees’ Association (SBEA) is very unsettled by developments at Credit Suisse and has taken note of the decision made by its Board of Directors regarding the change of CEO. The bank has made many mistakes in the past, which have caught up with it in...
