Finance
UBS CEO says "premature" to consider acquisitions
Published by Global Banking & Finance Review®
Posted on January 21, 2025
1 min readLast updated: January 27, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on January 21, 2025
1 min readLast updated: January 27, 2026
UBS CEO Sergio Ermotti says it's too early for new acquisitions, focusing on Credit Suisse integration. Discusses US banking regulation and trade tariffs.
ZURICH (Reuters) - UBS Chief Executive Sergio Ermotti on Tuesday said it was currently premature for the Swiss bank to consider acquisitions as it continues to focus on the integration of Credit Suisse, which it bought in 2023.
Ermotti, who was speaking to CNBC on the sidelines of the World Economic Forum (WEF) in Davos, Switzerland, also said he did not expect a lot of deregulation in the banking sector in the United States under the new Trump administration.
"We will probably see more rationalization of existing regulation," he told the broadcaster. "So at least for the big banks, I think it's appropriate. I don't believe that banks should be massively deregulated."
The UBS CEO said the Trump administration may help address some geopolitical issues, but noted that the prospect of trade tariffs could also create tensions.
UBS acquired Credit Suisse after its longtime rival collapsed due to a string of scandals and setbacks.
(Reporting by Ariane Luthi)
The main topic is UBS CEO Sergio Ermotti's statement on the premature nature of considering acquisitions, focusing on Credit Suisse integration.
Ermotti does not expect major deregulation in the US banking sector under the Trump administration, foreseeing more rationalization of existing regulations.
Ermotti noted that while the Trump administration may help with some geopolitical issues, trade tariffs could create tensions.
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