ABB Is Selective With Banks Amid Euro Turmoil, Hogan Tells WSJ
Stock Chart for ABB Ltd (ABBN)
ABB Ltd. (ABBN) is avoiding some European banks to make sure it does not get “caught” by euro turmoil, the Wall Street Journal reported, citing an interview with Chief Executive Officer Joe Hogan.
“There are hot-spots and it is fair to say we are selective where we are putting our money,” the newspaper quoted Hogan as saying.
To contact the reporter on this story: Patrick Winters in Zurich at firstname.lastname@example.org
To contact the editor responsible for this story: Benedikt Kammel at email@example.com
Bloomberg reserves the right to edit or remove comments but is under no obligation to do so, or to explain individual moderation decisions.