Ermotti
Photographer: Salvatore Vinci for Bloomberg BusinessweekThe Big Take
UBS Looks Beyond Credit Suisse to Bank Even More Billionaires
The return of CEO Sergio Ermotti and the acquisition of its Swiss rival have the bank doubling down on wealth management and expanding in the US.
Read a free translation of this story in German.
On a Saturday in March this year, FC Collina d’Oro was grinding its way to a 1-1 draw against Zug 94, rivals in a Swiss amateur league. The soccer ground in the south of the country is a modest one—no grandstands, just bleachers in the open air—but it’s perched on a hillside above Lake Lugano and surrounded by Alpine peaks.