UBS CEO says against reducing bank's size

UBS CEO says he is against reducing bank’s size in face of regulatory concerns

Swiss regulators have put pressure on the bank to boost its resilience after takeover of Credit Suisse

UBS CEO says against reducing bank's size

UBS chief executive Sergio Ermotti said today he did not plan to reduce the bank's size amid pressure from Swiss regulators to boost its resilience following its emergency takeover of Credit Suisse.

UBS rejects calls to shrink bank amid Swiss regulatory pressure

The post UBS rejects calls to shrink bank amid Swiss regulatory pressure appeared on BitcoinEthereumNews.com. Speaking on Friday, UBS’s top executive, Sergio Ermotti, said the bank will not downsize, despite calls from Swiss regulators to shore up its stability in the wake of the Credit Suisse acquisition. Ermotti expressed confidence that UBS and regulators in Bern can find a workable compromise and stressed that cutting the bank’s size would n…

UBS CEO against reducing bank's size in face of regulatory concerns

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