Ermotti (UBS): Stop with the low rates

In an interview with the Italian newspaper "La Stampa", Sergio Ermotti, UBS CEO, expressed his view on the ECB's monetary policy: "Bringing interest rates so low it was a duty, you had to try. but today, while the European central Bank continues with its expansive monetary policy, governments do not make the necessary reforms. So insist in the same direction is a kind of aggressive treatment ".
Regarding a possible return to Unicredit to succeed Federico Ghizzoni, Ermotti was very clear: "I have a very nice memory of Unicredit, but I must say that I am very happy where I am today."

"For a Swiss like me, who worked at the bank since young, UBS is the maximum," he adds. Returning to UniCredit, Ermotti stressed: "I only regret that the project with Alessandro Profumo had tried to set up, the first Italian company with a truly European importance, did not go entirely into port."