UBS named Sergio P. Ermotti its group chief executive after agreeing to buy Credit Suisse.
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Swiss bank Chief Executive Sergio Ermotti (Sergio Ermotti) said on Friday that the situation at Credit Suisse had stabilized and that he did not see further outflows from the struggling lender.
Speaking at a Swiss media forum in Lucerne, Ermotti also said he wanted an investigation into the collapse of Credit Suisse Group AG, which prompted his bank to take over its Swiss rival as part of a rescue effort orchestrated by Swiss authorities.
UBS is on track to close the deal within three months of the March 19 announcement, he said.