Merger of CS and UBS
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Here you will find all the information from the Swiss Bank Employees Association (SBEA) on the integration of Credit Suisse into UBS.
Since the takeover of Credit Suisse by UBS was announced on March 19, 2023, the Swiss Bank Employees Association has emphatically made three demands:
- The aim is to preserve as many jobs as possible.
- Credit Suisse employees must be treated in the same way as UBS employees.
- Special protection is needed for older employees.
One year later, the Swiss Bank Employees Association is satisfied that its demands have been met and congratulates the two staff committees on their successful negotiations.
One important step is a uniform social plan that has applied to all Credit Suisse and UBS employees since January 1, 2024.
The Swiss Bank Employees Association is satisfied that its demands have been met and congratulates the two staff councils on their successful negotiations. The Association would like to thank the two banks for meeting their social responsibilities even in this situation.
The overarching goal remains to retain as many jobs as possible in Switzerland.
Videos
Media releases
False statement on bank staff in the Federal Council’s dispatch on the amendment of the Banking Act of 22.4.2026
For three years, the Swiss Bank Employees Association has been criticizing the fact that bank employees are not a topic of discussion for the Federal Council when it comes to tightening banking regulation. At last, the Federal Council has now included the impact on...
Impact on bank employees and labor market still unclear
Bank staff are going through a difficult time. The unemployment rate in the banking sector is as high as it was after the financial crisis in 2010 and continues to rise. The Swiss Bank Employees Association warns that today's decisions by the Federal Council regarding...
Dark clouds loom over the banking sector’s job market
Bank employees are going through a difficult period. The unemployment rate in the banking sector is as high as it was in 2010 following the financial crisis and continues to rise. The Swiss Bank Employees’ Association warns that the Federal Council is making the...
Statement on the amendment to the Banking Act and the Capital Adequacy Ordinance
Employees are the heart of the banks and a key factor for the stability of the financial center.The Swiss Bank Employees Association (SBEA) comments on the planned amendment to the Banking Act and the Capital Adequacy Ordinance in the wake of the Credit Suisse crisis....
Opinion of the SBEA on amendments to the Banking Act and Capital Adequacy Ordinance
Opinion on the amendment of the Capital Adequacy Ordinance and the Banking Act (implementation of the measures from the Federal Council's report on banking stability and the report of the parliamentary commission of inquiry)The Federal Council wants to strengthen the...
Banking regulation affects 100,000 employees
Today, the Federal Council will adopt its proposal for stricter banking regulation and submit it for consultation. For months, the main topic of public debate has been the issue of capital adequacy. However, this discussion falls far short of the mark. The impact of...
PCI report must have consequences
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 employees
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
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...