Friday , November 22 2024
Home / Tag Archives: Sergio Ermotti

Tag Archives: Sergio Ermotti

UBS Has No Choice In Passing Negative Rate Pain To Customers

There’s been talk that the Federal Reserve will slam interest rates to zero or even negative when the next recession strikes. President Trump’s support for negative interest rates has quickly increased in the last several months as the latest tracking estimates for Q4 GDP have tumbled to sub 0.4%. It seems that policy rates in the US are too high — and will likely conform to the rest of the world, which is near zero to negative territory. This has undoubtedly...

Read More »

UBS Tells Managers They Can Hire 1 Employee For Every 5 Who Leave

Like the other lagging European investment banks (Deutsche and SocGen immediately spring to mind), UBS is resorting to the last resort of the embattled megabank CEO when shareholders are demanding higher profits ‘or else’. After a decade where UBS cut thousands of jobs in its investment bank unit, Sergio Ermotti is turning to one of the few business lines where fat can feasibly be cut: UBS’s once legendary...

Read More »

UBS Boss Bemoans Geopolitical Jitters

UBS may have seen quarterly profits rise year-on-year, but chief executive Sergio Ermotti says the threat of trade wars and political unrest has dampened investor enthusiasm and continues to hold back financial markets. - Click to enlarge UBS may have seen quarterly profits rise year-on-year, but chief executive Sergio Ermotti says the threat of trade wars and political unrest has dampened investor enthusiasm and...

Read More »

Swiss blue-chip CEOs dominate European wage ranking

Sergio Ermotti, CEO of Swiss bank UBS, took home €12.3 million last year, the survey said (Keystone) - Click to enlarge The chief executive officers of Switzerland’s top firms take home almost double the median salaries of Europe’s 100 biggest companies, according to a study by consultants Willis Towers Watson. The Eurotop 100 study, presented on Thursday, studied the direct remuneration – not including...

Read More »

Swiss banks taking more risks to compensate for record-low interest rates

Swiss banks focused on property lending are taking more risks to compensate for the impact of record-low interest rates, increasing the threat of a real-estate bubble, Swiss National Bank Vice President Fritz Zurbruegg said. © Vladek | Dreamstime.com - Click to enlarge “Exceptionally low interest rates are putting pressure on interest rate margins and this is weighing on the profitability of Swiss banks,” Zurbruegg...

Read More »