UBS CEO - European banks 'in much better shape' now than several years ago
The European banking system is in "much better shape" than it was several years ago, UBS Group AG (UBSG.S)(UBS.N) Group Chief Executive Officer Sergio Ermotti said on Friday.
"The last two weeks are a testament to that," Ermotti said at the 2016 Institute of International Finance Annual Membership Meeting in Washington D.C. "The same kind of dynamics seven or eight years ago would have created a major fallout."
Ermotti also said European banks should see some consolidation around geography and client segmentation.
"Each bank should really try to figure... read more
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