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Credit Suisse Already Had Problems in 2015, UBS CEO Tells Paper

UBS CEO Sergio Ermotti saw problems at Credit Suisse as early as 2015, rejects notion that outgoing CEO Ulrich Koerner contributed to the bank's collapse

  • UBS CEO Sergio Ermotti saw problems at Credit Suisse as early as 2015.
  • Ermotti rejects the notion that outgoing Credit Suisse CEO Ulrich Koerner contributed to the bank's collapse.
  • All options are on the table for Credit Suisse's domestic bank, but UBS CEO rejects idea of spinning it off.
  • Ermotti says the situation at Credit Suisse developed over the last six to seven years.
Credit Suisse Already Had Problems in 2015, UBS CEO Tells Paper
UBS Group AG Chief Executive Officer Sergio Ermotti, who’s overseeing the takeover of Credit Suisse Group AG in a government-brokered rescue, said he saw problems at UBS’s smaller competitor as early as 2015.

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