UBS CEO vows clarity soon on UBS-Credit Suisse domestic banking

April 25, 2023 / 4:56 PM

UBS CEO Sergio Ermotti speaks during a press conference

Sharjah 24 – AFP: UBS's chief executive on Tuesday promised clarity on the future of domestic banking operations in Switzerland once the merger with Credit Suisse is finalised.

"In the next few months, we will deliver more clarity on the matter," with the decisions based on "facts, not emotion", Sergio Ermotti told a conference call after Switzerland's biggest bank said in its first quarter results that it hoped to complete the takeover of its stricken domestic rival before the end of June.