UBS can handle the risks from taking over Swiss rival bank Credit Suisse , UBS Chief Executive Ralph Hamers told broadcaster SRF.
orchestrated by Swiss regulators on Sunday, UBS will pay 3 billion Swiss francs for 167-year-old Credit Suisse and assume up to $5.4 billion in losses.
"We have a very good capital ratio at UBS, and we also have a very good liquidity position. So we have contained the risks in the markets," Hamers said in the interview broadcast early on Monday. He said he did not currently have any figures regarding lay-offs at Credit Suisse, although there would always be cost savings."There are certainly opportunities and chances for growth. The many employees - CS has 50,000 worldwide - also have a new future together with us. And together we can build an even more beautiful bank."
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