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Sergio Ermotti says fears over size of UBS are ‘uninformed’

The UBS chief executive has pushed back against suggestions the bank needs to hold more capital after its takeover of Credit Suisse

By Paul Clarke
‘There are too many uninformed, populist and fear-mongering voices in the media, politics and academia,’ Ermotti tells crowd in Lucerne
‘There are too many uninformed, populist and fear-mongering voices in the media, politics and academia,’ Ermotti tells crowd in Lucerne Photo: Stefan Wermuth/Getty Images

UBS chief executive Sergio Ermotti has hit back at suggestions that the bank should face tougher regulations after its shotgun takeover of rival Credit Suisse.

Ermotti’s comments came as Swiss regulators consider forcing UBS to hold more capital after its balance sheet swelled following the acquisition of its former arch-rival.

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