{"id":2350,"date":"2024-03-17T15:54:58","date_gmt":"2024-03-17T15:54:58","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/03\/17\/swiss-bank-ubs-targets-us-deals-says-chairman-times-of-india\/"},"modified":"2024-03-17T15:54:58","modified_gmt":"2024-03-17T15:54:58","slug":"swiss-bank-ubs-targets-us-deals-says-chairman-times-of-india","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/03\/17\/swiss-bank-ubs-targets-us-deals-says-chairman-times-of-india\/","title":{"rendered":"Swiss bank UBS targets US deals, says chairman &#8211; Times of India"},"content":{"rendered":"<div style=\"text-align:center\"><img loading=\"lazy\" decoding=\"async\" width=\"1280\" height=\"720\" src=\"https:\/\/i0.wp.com\/static.toiimg.com\/photo\/msid-108563392,imgsize-1303800.cms?resize=1280,720&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Swiss bank UBS targets US deals, says chairman &#8211; Times of India\" title=\"Swiss bank UBS targets US deals, says chairman &#8211; Times of India\" \/><\/div>\n<div>ZURICH: Swiss banking giant <!-- -->UBS<!-- --> will look for <!-- -->merger<!-- --> and <!-- -->acquisitions<!-- --> opportunities in the <!-- -->United States<!-- --> in the next few years, its chairman told the NZZ newspaper on Sunday.<br \/> UBS, which took over former rival <!-- -->Credit Suisse<!-- --> last June, wants to expand its U.S. wealth-management business through potential M&amp;A in the next three or four years, <!-- -->Colm Kelleher<!-- --> said.<br \/> &#8220;Only in <!-- -->wealth management<!-- --> and not yet,&#8221; he added.<br \/> Since rescuing Credit Suisse, UBS has faced criticism over a $1.6 trillion-plus balance sheet that is nearly twice the size of the Swiss economy and has prompted the country to review its <!-- -->regulation<!-- --> of systemically important banks.<br \/> Kelleher, however, pushed back against calls for UBS to be subject to higher capital requirements.<br \/> &#8220;If you have too much capital, you penalise the shareholders, but also the customers because banking services become more expensive,&#8221; he told NZZ.<br \/> The first merger of two systemically important global banking groups also resulted in the return of former boss Sergio Ermotti for a second stint at the helm.<br \/> Kelleher said Ermotti is the right person for the &#8220;Herculean task&#8221; of integrating Credit Suisse, adding that he would like Ermotti&#8217;s successor to be someone from within UBS.<\/div>\n<p><script>!(function(f, b, e, v, n, t, s) {\n    function loadFBEvents(isFBCampaignActive) {\n      if (!isFBCampaignActive) {\n        return;\n      }\n      (function(f, b, e, v, n, t, s) {\n        if (f.fbq) return;\n        n = f.fbq = function() {\n          n.callMethod ? 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UBS, which took over former rival Credit Suisse last June, wants to expand its U.S. wealth-management business through potential M&amp;A in the next three or four [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":2351,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","fifu_image_url":"https:\/\/static.toiimg.com\/photo\/msid-108563392,imgsize-1303800.cms","fifu_image_alt":"","footnotes":""},"categories":[604],"tags":[4171,673,2874,4170,4169,2699,273,4168,4167,4172,1133,272,4166,1021,4165],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/2350"}],"collection":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/comments?post=2350"}],"version-history":[{"count":1,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/2350\/revisions"}],"predecessor-version":[{"id":2352,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/2350\/revisions\/2352"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media\/2351"}],"wp:attachment":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media?parent=2350"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/categories?post=2350"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/tags?post=2350"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}