ZURICH, March 29 — The UBS takeover of Credit Suisse comes with a huge amount of risk, UBS chairman Colm Kelleher admitted today after announcing Sergio Ermotti would return as CEO to handle the merger.
UBS and Credit Suisse, the second-biggest bank in Switzerland, were both among the select banks around the world considered to be global systemically important financial institutions . "I cannot re-emphasise how big this deal is in terms of financial history and financial engineering."