Sergio Ermotti, the incoming CEO of UBS, has stated that worries about the size of the new bank, combining UBS and Credit Suisse, are unfounded. Despite the merger creating a Swiss bank with $1.6tn in assets and over 120,000 employees, Ermotti believes that they “won’t be at the top of the classification for international banks in terms of size”.from International-News-Economic Times https://ift.tt/L7caTtf
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