UBS boss Ermotti says 'incredible' bond demand is 'a signal to the Swiss banking system'
Publishing timestamp: 2023-11-15 08:04:43
Summary
UBS Group CEO Sergio Ermotti is encouraged by the strong demand for the bank's recent issuance of AT1 bonds, which were at the heart of controversy during the emergency rescue of Credit Suisse. Ermotti believes this demand signals confidence in both UBS and the Swiss financial system. He also suggests that over time, people are starting to view the situation more balanced and less emotionally.
Sentiment: POSITIVE
Tickers: UBSG-CH,
Keywords: banks, investment strategy, breaking news: investing, bonds, wall street, ubs group ag, business news,