Sergio Ermotti: Watch Out for London

Finews.com | Nov 13, 2019 at 3:16 PM
  • According to UBS boss Sergio Ermotti, Switzerland also needs to watch out for would-be ally U.K..
  • The Swiss franc remains hamstrung by the weak European currency.
  • Swiss banks including UBS have been hammered with charges on Swiss franc deposits, an additional tool Swiss policymakers have seized in a bid to prevent flight into the currency.