UBS CEO: First Brands Was Part of High-Yield Strategy
UBS Group AG Chief Executive Officer Sergio Ermotti comments on the collapse of US auto parts supplier First Brands. “We have no exposure to First Brands,” Ermotti says in an...
By Bloomberg · Bloomberg
UBS Group AG Chief Executive Officer Sergio Ermotti comments on the collapse of US auto parts supplier First Brands. “We have no exposure to First Brands,” Ermotti says in an interview with Bloomberg’s Guy Johnson. “It’s always unfortunate when you lose money, but it’s part of a high yield strategy,” he adds.