UBS CEO Ermotti: Credit score Suisse no longer looking at outflows, situation has stabilized

UBS appointed Sergio P. Ermotti as its group Chief Executive Officer adhering to its agreement to purchase Credit rating Suisse.

Harold Cunningham | Getty Photographs Information | Getty Photographs

UBS Main Govt Sergio Ermotti said on Friday that the condition at Credit score Suisse has stabilized and he did not believe outflows at the embattled bank had been continuing.

Addressing the Swiss Media Discussion board in Lucerne, Ermotti also mentioned he hoped there would be an investigation into Credit rating Suisse’s Group downfall, which prompted his bank’s takeover of its Swiss rival as section of a rescue orchestrated by the Swiss authorities.

related investing news

Here's what all the major media analysts are saying about Disney following poor streaming numbers

He explained UBS was on monitor to close the transaction in just 3 months from its March 19 announcement.

Source

World

Some in BOJ see scope to raise rates sooner than markets expect, sources say: Reuters

January 16, 2026

The Bank of Japan (BOJ) headquarters in Tokyo, Japan, on Friday, Dec. 19, 2025. Photographer: Akio Kon/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images Some Bank of Japan policymakers see scope to raise interest rates sooner than markets expect, with April a distinct possibility, as a sliding yen risks adding to already broadening […]

World

India’s exports to China surge in December while shipments to U.S. decline as Trump tariffs bite

January 16, 2026

Aerial view of cargo ship and cargo container in harbor. Adoff 01 / 500px | 500px | Getty Images India’s exports to China soared in December while shipments to the U.S. declined as President Donald Trump’s steep tariffs prompt New Delhi to focus on alternative markets. Exports to China surged 67% in December to $2 […]

World

Asian chip stocks advance, Taiwan outperforms after trade deal with U.S.

January 16, 2026

The city skyline is seen with the landmark Taipei 101 building from a lookout point on Elephant Mountain in Taipei on April 14, 2025. (Photo by I-Hwa Cheng / AFP) (Photo by I-HWA CHENG/AFP via Getty Images) I-hwa Cheng | Afp | Getty Images Asian chip stocks climbed Friday, lifting several regional markets even as […]