UBS CEO says it’s hard to sustain culture working at home


Sergio Ermotti joined JPMorgan Chase's Jamie Dimon in expressing concern about the long-term consequences of remote work.


UBS Chairman explores merger with Credit Suisse: Report


Axel Weber has discussed the idea with Switzerland's finance minister and an agreement could happen by early next year, according to the Swiss finance blog Inside Paradeplatz.


UBS plans higher fees to push rich clients out of costly cash


The company and its global peers have seen their profitability hurt by half a decade of negative interest rates, which effectively make banks pay for holding clients’ cash.


Coronavirus is latest test for Europe’s banks; UBS CEO heading to Swiss Re


The disease could lead to less lending business and more loan defaults; Sergio Ermotti will join the insurance company as chairman in 2021.


Morgan Stanley to buy E*Trade; ING CEO named to head UBS


$13 billion deal will get Morgan Stanley "ready for prime time"; Ralph Hamers will replace Sergio Ermotti later this year.


Scharf overhauls Wells Fargo’s structure; CECL could be a boon for banks


Bank will have more business lines, all reporting to the CEO; a research paper says the accounting rule could result in eased capital rules.