UBS CEO Sounds Alarm on Europe’s Fragmented Banking Landscape and Rising Costs

In a recent statement, UBS CEO Sergio Ermotti has shed light on a pressing issue within the European banking sector: the fragmentation of its markets. This situation, he argues, is contributing to increased operational costs and hinders the overall competitiveness of banks across the continent. Ermotti's remarks come amidst ongoing discussions regarding the need for more cohesive banking regulations and practices throughout Europe.

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