Switzerland Banking on Sergio Ermotti’s Financial Heroics
Sergio Ermotti is the Batman of Swiss bankers. At least, this is what UBS hopes – as it has recently brought Ermotti back as CEO and president to manage the monumental task of absorbing Switzerland’s other banking titan, Credit Suisse. The $3.2 billion deal was arranged hurriedly as Credit Suisse teetered on the brink of financial collapse…