Sergio Ermotti

President Donald Trump announced a wave of tariffs on Canada, China, and Mexico, though some have now been delayed, sparking mixed reactions in the business world. Executives Weigh In: Tariffs increase costs for American importers, which can lead to higher prices for consumers. Industries such as...

Nike, Inc. (NYSE:NKE) is the latest company to take part in what has become a trend among big companies: bringing back an executive to assume the role of CEO. The sneaker giant announced on Thursday the appointment of Elliott Hill, the company’s former president of consumer and marketplace...

UBS Group AG (NYSE: UBS) CEO Sergio Ermotti recently shared his thoughts on troubled Credit Suisse Group AG (NYSE: CS), saying that the latter bank has stabilized and that he did not think outflows at the embattled bank were continuing. In an interview with...

Swiss bank UBS (NYSE: UBS) released its fiscal third-quarter earnings results and announced plans to lay off as many as 10,000 employees on Tuesday. On Wednesday, the stock is surging on the news and was last trading up 13.50 percent to $14.97. The cost cutting moves are in response to the fallout...