Ermotti

“strategically committed to its diversified business model and its global and regional footprint.”

Ermotti · said date not stated · reported 2026-10-28

In an earlier statement, Ermotti said UBS' strong third-quarter performance underlines the benefits of its diversified global business model.

“90% would not, long-term, allow us to be a competitive player,”

Ermotti · said 2026-10-28 · reported 2026-10-28

Ermotti commented on Swiss parliamentary proposals requiring UBS to hold 90% of CET1 capital as collateral for its foreign subsidiaries.

“I'm very concerned about this development.”

Ermotti · said 2026-10-28 · reported 2026-10-28

Ermotti expressed concern to CNBC about the Swiss upper house's vote requiring UBS to hold 90% of CET1 capital for foreign subsidiaries.