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UBS turns to ex-CEO Ermotti to steer Credit Suisse takeoverUBS Group AG named former boss Sergio Ermotti as its next chief executive officer on Wednesday, in a surprise move designed to help steer its massive takeover of neighbour Credit Suisse .
Source: Reuters - 🏆 2. / 97 Read more »
UBS names Sergio Ermotti as its new Group CEO, following acquisition deal of Credit SuisseThat’ll fix things… Dat is opmerkelijk…die zagen we niet aankomen , toch corné?
Source: CNBC - 🏆 12. / 72 Read more »
UBS Brings Back Sergio Ermotti as CEOUBS said its former leader Sergio Ermotti will return as chief executive, as the Swiss banking giant moves into a new era with its takeover of Credit Suisse. Mr. Ermotti, 62 yrs old, previously ran UBS from 2011 to Feb 2020. He has been credited with repositioning the bank’s strategy and focusing it on less risky businesses after UBS suffered big losses during the global financial crisis ✍🏻 maybe the right choice at a challenges time
Source: WSJ - 🏆 98. / 63 Read more »
'We did not buy Credit Suisse only to close it' - UBS CEOUBS's CEO Ralph Hamers on Monday said the Swiss bank sees its government-orchestrated takeover of Credit Suisse as a growth opportunity, in an internal memo seen by Reuters. We must have bought Credit Suisse so we could watch it slowly die. 70% of Swiss think the takeover is a bad idea. Anyone in Switzerland who needs a business or personal loan, a mortgage, a good paying deposit account will soon find out why its a bad idea to allow a UBS takeover of CS.
Source: Reuters - 🏆 2. / 97 Read more »
Swiss sight deposits jump, suggesting Credit Suisse, UBS took emergency liquiditySight deposits held by the Swiss National Bank (SNB) jumped last week, data showed on Monday, suggesting that both Credit Suisse and UBS may have taken big chunks of emergency liquidity to secure their merger. look at China bank
Source: Reuters - 🏆 2. / 97 Read more »
Credit Suisse managers could be probed after bank's rescue by UBSCredit Suisse's top execs could face a probe over their role in the banking giant's collapse, Swiss watchdog says the Swiss ? ...one of the NWO/OWG/Davos/BIS/UBS/ WB/IMF strongholds of COUNTERFEITING all the world's money ! WHY are you surprised, especially now as CCP bribes the whole world into their clutches starting with Biden ?
Source: BusinessInsider - 🏆 729. / 51 Read more »