Investing
UBS CEO: “Momentum is pretty positive”
© Reuters. FILE PHOTO: UBS CEO Sergio Ermotti addresses the Economic Club of New York in New York City, U.S., September 14, 2023. REUTERS/Brendan McDermid
ZURICH (Reuters) – UBS’s chief executive said on Tuesday that the momentum is pretty positive at the Swiss bank, which manages $5.5 trillion in assets since merging with former rival Credit Suisse earlier this year.
“This is a great platform that gives us economy of scale and allows us to move forward,” Sergio Ermotti said at the Bank of America’s Annual Financials CEO Conference.
UBS’s takeover of Credit Suisse, the biggest bank merger since the global financial crisis, was hastily arranged in March by Swiss authorities to avert Credit Suisse’s collapse.
Ermotti said last week he plans to stay at the bank’s helm through 2026 to see through the integration, a process he likened to a marathon.
Reuters on Tuesday reported UBS had identified at least four countries including South Korea and India as “slow” in granting regulatory approvals which it needs to complete its takeover of Credit Suisse, according to an internal document.
Read the full article here
-
Side Hustles6 days ago
Mark Zuckerberg Is Now Second Richest Person in the World
-
Investing6 days ago
Nvidia CEO Jensen Huang: Demand For Blackwell AI Is Insane
-
Side Hustles6 days ago
Meta Previews Movie Gen, AI Tools That Turn Dreams to Videos
-
Investing4 days ago
Hurricane Helene Hits Spruce Pine Mine, Quartz Used for Tech
-
Investing5 days ago
Israel stocks lower at close of trade; TA 35 down 0.23% By Investing.com
-
Investing6 days ago
BCA says investors should fade the real estate rally By Investing.com
-
Passive Income5 days ago
Go Paperless with the PDF Reader Pro for $49.99
-
Side Hustles5 days ago
5 Key Strategies for a Seamless Cloud Migration