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The Latest Breaking News from Sergio Ermotti

UBS CEO Sergio Ermotti: Overpaid Or Worth Every Franc?

UBS CEO's compensation of 14.4 million Swiss francs in 2023 has ignited discussion, showcasing the contrast between European and American banking pay standards.

International Business Times

UBS CEO Criticizes Europe For Lagging Behind U.S. In Banking

UBS CEO Sergio Ermotti criticizes European banking sector for lagging behind US in innovation and regulatory reforms, warns of Brexit impact.

Top News

UBS aims for higher cost cuts increasing City job fears at Credit Suisse

UBS dramatically increased the cost cuts it expects to make from merging with Credit Suisse today, increasing fears that City job losses will be even worse than first planned.

Evening Standard

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UBS To Reward Shareholders As Credit Suisse-linked Losses Narrow

Swiss banking giant UBS said Tuesday it would hand shareholders up to $1 billion in share buybacks as it posted a smaller-than-expected quarterly loss stemming from the costs of absorbing fallen rival Credit Suisse.

International Business Times

UBS To Spell Out Growth Plan After Credit Suisse Takeover

Swiss banking giant UBS will on Tuesday report its first full-year results since swallowing rival Credit Suisse, with investors keen for details on a US-centered growth strategy hinted at by the mega-bank.

International Business Times

Exclusive: UBS Committed to China, Sees Opportunities After Credit Suisse Deal

Merged group is looking at how best to expand its presence in the country, CEO Sergio Ermotti tells Caixin in an exclusive interview

Caixin Global

UBS reaps windfall gain from Credit Suisse deal after Swiss bank buys rival for $29 billion discount

UBS paid far too little for the assets of its cross-town rival when it agreed to a shotgun wedding for the bargain basement price of just $3.4 billion.

Fortune

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UBS finishes takeover of Credit Suisse in deal meant to stem global financial turmoil

UBS said Monday that it has completed its takeover of embattled rival Credit Suisse in a bid to safeguard Switzerland's reputation as a global financial center and choke off market turmoil.

WEKU

UBS completes takeover of Credit Suisse in deal meant to stem global financial turmoil

UBS says it has completed its takeover of embattled rival Credit Suisse

The Independent UK

UBS reaps $28B in new money amid Credit Suisse fallout

Swiss bank UBS says it took in $28 billion in new money from wealthy clients in the first three months of the year

The Independent UK

Activist investors don’t love boomerang CEOs

Looking backward to find your future leader may be the right solution.

Fortune

Beware the boomerang CEO

Boomerang CEOs signal a succession-planning failure, as evidenced by Disney’s Bob Iger.

Fortune

Switzerland’s attorney general to investigate Credit Suisse takeover

Inquiry to focus on whether emergency state-backed UBS takeover breached criminal law

The Guardian - UK

Credit Suisse takeover hits heart of Swiss banking, identity

Analysts say the UBS takeover of embattled rival Credit Suisse has shaken Switzerland’s self-image and dented its reputation as a global financial center

The Independent UK

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Fortune

'Stakeholderism' is a reaction to rising statism

The UBS-Crédit Suisse merger is a very Swiss tale–but it shows how governments are reclaiming power over the economy.

The Independent UK

Asia stocks mostly rise after Wall St rally, bank fears ease

Asian shares are mostly higher following a rally on Wall Street as worries over banks following the collapses of several lenders in recent weeks recede

France 24

US accuses Credit Suisse of violating tax evasion deal

US lawmakers say the embattled bank Credit Suisse has violated the terms of a plea deal related to tax evasion. A two-year investigation suggests the lender has continued to conceal the bank accounts of wealthy Americans. Meanwhile, UBS has brought back former CEO Sergio Ermotti to lead its takeover of…

Kiplinger

Stock Market Today: Tech, Bank Stocks Lead Markets Higher

Retailers were big gainers, too, thanks to strong earnings from Lululemon Athletica.

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Fortune

Switzerland brings back its most successful banker to steer the merged UBS-Credit Suisse behemoth

Heeding the "call to duty," Lugano native Sergio Ermotti returns to his old post as CEO of the Swiss wealth manager to navigate it through choppy waters.

The Guardian - UK

UBS brings back former chief to oversee Credit Suisse takeover

Sergio Ermotti, who stepped down in 2020, will rejoin Swiss bank as it prepares to absorb troubled rival

The Independent UK

UBS brings back former CEO with Credit Suisse deal ahead

UBS says it’s bringing back former CEO Sergio Ermotti to lead the Swiss bank as it moves forward with a government-orchestrated plan to take over struggling rival Credit Suisse

The Guardian - UK

Credit Suisse aided tax evasion, says US Senate committee; Bank of England reports UK banks are ‘resilient’ – as it happened

US Senate committee’s findings come on the day UBS appoints ex-boss Sergio Ermotti as new CEO to steer Credit Suissse takeover

Bangkok Post

Ermotti back as UBS chief for Credit Suisse takeover

ZURICH: Sergio Ermotti will return as CEO of Swiss banking giant UBS to pilot the controversial acquisition of troubled rival Credit Suisse, its board announced Wednesday.

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