UBS chief sees no deal with Credit Suisse any time soon
07 December 2020 - 17:10
Zurich/Brussels — UBS chair Axel Weber says he does not expect to combine any time soon with Credit Suisse, after his counterpart at the Swiss rival said at the weekend a merger would not be “unreasonable” and could bring several benefits.
Both banks recently appointed new CEOs, and both chairs are due to step down soon, making this an inopportune time for a deal, Weber said in an interview on Monday. His comments follow remarks in a Swiss publication by his counterpart at Credit Suisse, Urs Rohner, who gave the strongest indication yet that such a deal could eventually happen...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.