Basel Cantonal Bank controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2013
Improper sales of participation certificates
FINMA found that BKB had manipulated the sale of its own participation certificates. Chairman Andreas Albrecht was forced to resign, and the bank was ordered to repay CHF 2.6 million earned through the improper sales.
2012
ASE investment affair
An investment scandal involving ASE products affected BKB customers. More than CHF 100 million in losses were initially associated with approximately 620 customers, while the eventual number of affected customers was reported at around 1,500. CEO Hans Rudolf Matter resigned in October 2012.