Jan.23 — UBS Group AG Chief Executive Officer Sergio Ermotti said new European banking rules could be the trigger for long-awaited and much-needed regional banking consolidation as lenders weigh combinations to become more competitive. He spoke to Bloomberg’s Francine Lacqua at the World Economic Forum in Davos.
In This Story: World Economic Forum
The World Economic Forum, based in Cologny, Geneva Canton, Switzerland, is an international NGO, founded in 1971. The WEF’s mission is stated as “committed to improving the state of the world by engaging business, political, academic, and other leaders of society to shape global, regional, and industry agendas”.