UBS CEO insists bank not too big after Credit Suisse takeover

Good sign: Ermotti exits an earnings news conference in Zurich. The executive is highly critical of Credit Suisse, which has a business model that is ‘not right’. He is, however, optimistic that Credit Suisse can be integrated successfully into UBS. — Bloomberg

ZURICH: The new expanded UBS is not too big for Switzerland following the bank’s emergency takeover of fallen rival Credit Suisse, chief executive officer Sergio Ermotti says.

“UBS is not too big. Size is not only about the relationship of the balance sheet to the country’s,” Ermotti told an event in Zug, Switzerland.