UBS CEO Ermotti Sees ‘Witch Hunt’ Amid First Brands Fallout
UBS Group AG Chief Executive Officer Sergio Ermotti defended his bank against criticism over the exposure to bankrupt auto parts supplier First Brands Group, saying that investors were aware that...
By Jan-Henrik Foerster, Guy Johnson · Bloomberg
UBS Group AG Chief Executive Officer Sergio Ermotti defended his bank against criticism over the exposure to bankrupt auto parts supplier First Brands Group, saying that investors were aware that they were engaged in higher-risk strategies.