The famous bank CEO has been shocked: the government's plan is extremely radical, and the largest Swiss bank would face serious consequences.
Sergio Ermotti, CEO of UBS, defended the bank’s new $3 billion share buyback program and rejected Swiss government proposals for stricter capital requirements. In an interview, he confirmed the completion of the Credit Suisse integration and refuted rumors that the bank would relocate to the United States or that he would assume the position of chairman of the board in the near future.
Sergio Ermotti, the CEO of UBS, defended the bank’s new $3 billion share buyback program, while strongly rejecting the Swiss government’s proposals for stricter capital requirements. In an interview, the bank CEO confirmed that the integration with Credit Suisse is essentially complete, while also dismissing rumors that the financial institution would move its headquarters to the United States or that he himself would take over as chairman of the board in the near future.
