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UBS CEO prefers organic growth when asked about Credit Suisse tie-up: CNBC – Metro US

UBS CEO prefers organic growth when asked about Credit Suisse tie-up: CNBC

FILE PHOTO: Logo of Swiss bank Credit Suisse is seen
FILE PHOTO: Logo of Swiss bank Credit Suisse is seen in Zurich

ZURICH (Reuters) – UBS chief executive Ralph Hamers said the Swiss bank prefers organic growth when asked by CNBC about a potential tie-up with Credit Suisse.

“The organic growth direction is the one that we prefer,” he said in an interview.

(Reporting by Oliver Hirt, Writing by Tom Sims. Editing by Jane Merriman)