Sergio Ermotti

14 results

Photograph: Arnd Wiegmann/Reuters
UBS posts highest quarterly net income in almost a decade

UBS chief executive Sergio Ermotti saw a revival of the bank’s fortunes in the second quarter after what he’d called one of the worst starts to the ye(...)

UBS chief executive Sergio Ermotti described investment banking conditions as among the toughest seen in years, especially outside the US
UBS to cut deeper into 2019 costs as revenues slide

Swiss bank UBS is cutting an extra $300 million (€264.3 million) from 2019 costs after investment banking revenues plunged and wealth management remai(...)

UBS is the world’s largest wealth manager. Photograph: Stefano Rellandini/Reuters
UBS sticks to dividend, capital return plans after French verdict

UBS plans to stick to its proposed dividend for 2018, chief executive Sergio Ermotti said on Friday, two days after the Swiss bank was hit with a €4.5(...)

UBS headquarters in Zurich. Photograph: Arnd Wiegmann/Reuters
UBS aims high in wealth management as investment bank shines

UBS, Switzerland’s biggest bank, posted a surprise 32 per cent rise in third-quarter net profit amid a bumper quarter for its investment bank and said(...)

Credit Suisse increased bonuses by 6 per cent despite heavy losses at Switzerland’s second-biggest bank. Photograph: Kacper Pempel/Reuters
Credit Suisse CEO paid €11m despite back-to-back losses

Credit Suisse chief executive Tidjane Thiam’s pay for his first full year in the job swelled to 11.9 million Swiss francs (€11.1 million), while bonus(...)

Net income at Credit Suisse fell to 41 million Swiss francs (€38 million) from 779 million francs a year earlier. Photograph: Reuters
Credit Suisse reports unexpected Q3 profits after restructuring

Credit Suisse posted a surprise profit in the third quarter, with all main units contributing, as chief executive Tidjane Thiam continued to cut costs(...)

UBS aims to return at least half its profits to shareholders if it maintains capital of at least 13 per cent. Photograph: Reuters
UBS reports drop in second-quarter profit

Switzerland’s biggest bank UBS posted a 14.5 per cent year-on-year drop in second-quarter net profit on Friday, on the back of lower earnings at its (...)

Swiss Bank UBS: Wall Street banks and investment firms are increasingly building or buying robo-advisers to add business while cutting costs. Photograph: Georgios Kefalas/EPA
‘Robo-advisers’ to help wealthy US UBS clients

Financial services firm UBS is the latest to turn to so-called robo-advisers to help its wealthy clients in the United States. The firm’s US wealth-(...)

European Central Bank president Mario Draghi: the ECB has been warned by senior bankers over its expected deposit rate cut. Photograph: Yves Herman/Reuters
ECB warned of risks of negative interest rates

Some of Europe’s most senior bankers have warned the European Central Bank of the dangers of negative interest rates ahead of a widely anticipated cut(...)

John Cryan, co-chief executive officer of Deutsche Bank: “2016 should be the year when we finish the process of tidying up the bank and be 100 perc ent focused on what’s most important, which is our staff engaging with our customers.”
Deutsche Bank hopes to resolve largest legal case shortly

Deutsche Bank, the German lender that has paid more than $9 billion in fines and settlements since the financial crisis, expects to resolve the larges(...)

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