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.

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