sergio ermotti

UBS completes takeover of Credit Suisse – Times of India

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[ad_1] ZURICH: UBS announced Monday it had finalised the takeover of its former rival Credit Suisse, clearing the way for the Herculean task of integrating two of the world’s most important banks.The mega-merger of the biggest banks in Switzerland will be closely watched by clients, employees, politicians and regulators.“UBS has completed the acquisition of Credit … Read more

UBS brings back Sergio Ermotti as CEO to oversee Credit Suisse rescue | CNN Business

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[ad_1] Hong Kong/London CNN  —  UBS is bringing back its former chief executive, Sergio Ermotti, to manage the hugely complex and risky task of completing the bank’s emergency takeover of rival Credit Suisse (CS). The surprise appointment, announced Wednesday, highlights the scale of the challenge facing the Swiss lender as it executes a first-of-its-kind merger … Read more