Ermotti served as chief executive from 2011 until 2020, overseeing UBS’s recovery from the global financial crisis. He will take over again on 5 April, when his main task will be to implement the complex merger with Credit Suisse, which was forced through by Swiss financial regulators in an attempt to prevent a collapse.
UBS took over Credit Suisse on Sunday in a 2.65bn deal that has dealt a heavy blow to the reputation of Switzerland’s banking industry. The Credit Suisse turmoil was preceded by the collapse of Silicon Valley Bank this month. Regulators and investors around the world have been watching closely amid concerns the financial difficulties could spread across the global banking system.
Bu hikaye The Guardian dergisinin March 30, 2023 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye The Guardian dergisinin March 30, 2023 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Giriş Yap
Few runs, and no fairytale, for Ireland in New York
Whatever game the teams are playing out here in New York City, it surely isn't the same one they have in the Indian Premier League.
Field of dreams Reality check for ICC in its romantic plan to draw American hearts to cricket
Thirty million does not go as far as you might hope in Manhattan, where it will just about stretch to a single Chelsea penthouse.
Investors awarded billions in public cash for losses related to climate laws, analysis finds
More than $100bn (£78bn) of public money has been awarded to private investors in investor-state dispute settlement (ISDS) courts, according to the most comprehensive analysis yet.
Not so Big Mac: Irish restaurant brings McDonald's down to size
The Irish fast food chain Supermac's has won a David v Goliath court battle with McDonald's over the use of the Big Mac trademark, paving the way for it to open outlets across Europe.
Gaza Hunger already causing mass deaths, report warns
Months of extreme hunger have already killed many Palestinians in Gaza and caused permanent damage to children through malnutrition, a food security report has found, even before famine is officially declared.
Israeli Flag Day march through Muslim Jerusalem inflames tensions
Thousands of Israeli religious nationalists paraded through Muslim parts of the Old City of Jerusalem in the annual Flag Day march yesterday, an event that threatens to trigger further violence in the Israel-Hamas war.
Gains expected for populists as Dutch kick off four days of polls
Elections to the world's only transnational assembly get under way in earnest today as Dutch voters go to the polls at the start of a four-day, 27-country ballot that will return 720 MEPS to the next European parliament.
'Acting like colonial rulers' How BJP lost in heartland
It was less than six months ago that Narendra Modi walked solemnly through the ornate surroundings of the Ram Temple in Ayodhya, in Uttar Pradesh, India's most populous state and one of its most politically crucial.
Foreign Office 'ineffective for Britons held abroad' - expert
Families of Britons arrested in controversial circumstances abroad should raise concerns promptly in public because Foreign Office \"quiet diplomacy\" is not effective, an expert has warned after the arrest of a former British Royal Marine in Dubai.
Rugby scores for children with Down's syndrome
A rugby team set up for young people with Down's syndrome has been described as a \"lifeline\" by parents who say there is a chronic lack of opportunities for their children.