*UBS NAMES FORMER LONGTIME CEO SERGIO ERMOTTI AS NEW CEO FOLLOWING CREDIT SUISSE TAKEOVER, REPLACING RALPH HAMERS AFTER 2 YEARS IN THE ROLE $UBS $CS 🇨🇭🇨🇭
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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 .
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UBS names Sergio Ermotti as its new Group CEO, following acquisition deal of Credit Suisse
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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.
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'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.
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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.
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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
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