“Momentum is pretty positive” By Reuters

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<span>© Reuters. FILE PHOTO: UBS CEO Sergio Ermotti addresses the Economic Club of New York in New York City, U.S., September 14, 2023. REUTERS/Brendan McDermid</span><br />
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<p>ZURICH (Reuters) &#8211; UBS&#8217;s chief executive said on Tuesday that the momentum is pretty positive at the Swiss bank, which manages $5.5 trillion in assets since merging with former rival Credit Suisse earlier this year.</p>
<p>&#8220;This is a great platform that gives us economy of scale and allows us to move forward,&#8221; Sergio Ermotti said at the Bank of America&#8217;s Annual Financials CEO Conference.</p>
<p>UBS&#8217;s takeover of Credit Suisse, the biggest bank merger since the global financial crisis, was hastily arranged in March by Swiss authorities to avert Credit Suisse&#8217;s collapse.</p>
<p>Ermotti said last week he plans to stay at the bank&#8217;s helm through 2026 to see through the integration, a process he likened to a marathon.</p>
<p>Reuters on Tuesday reported UBS had identified at least four countries including South Korea and India as &#8220;slow&#8221; in granting regulatory approvals which it needs to complete its takeover of Credit Suisse, according to an internal document. </p>
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<br /><a href="https://www.investing.com/news/economy/ubs-ceo-momentum-is-pretty-positive-3177228">Source link </a></p><p>The post <a href="https://forextraderhub.com/momentum-is-pretty-positive-by-reuters.html">“Momentum is pretty positive” By Reuters</a> first appeared on <a href="https://forextraderhub.com">Forex Trader Hub</a>.</p>