UBS CEO Ermotti on Credit Suisse, Buyback, Volatility

🇨🇭 Bloomberg (CH) —

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UBS CEO Sergio Ermotti stated that the integration of Credit Suisse is nearly complete and highlighted a $3 billion share buyback program planned until mid-2027. He also expects continued market volatility for the remainder of the year amid this major financial sector development.

UBS Chief Executive Officer Sergio Ermotti says the integration of former rival Credit Suisse "is almost done." He also talks about the Zurich-based bank's announcement of a new $3 billion share buyback program to run until mid-2027, and how he expects "spikes of volatility" to continue in markets for the rest of the year. Ermotti speaks with Bloomberg's Guy Johnson. (Source: Bloomberg)

Politics Markets Deals UBS Credit Suisse share buyback market volatility finance merger Sergio Ermotti

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