UBS CEO Says He ‘Wouldn’t Worry About’ Bank’s Exposure to Adani
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UBS Group AG Chief Executive Officer Ralph Hamers said the bank’s exposure to the meltdown of India’s Adani Group isn’t a matter of concern for the Swiss bank, even after a market rout that’s hit the securities of India’s richest man.
UBS is among European lenders including Credit Suisse Group AG, Deutsche Bank AG and Barclays Plc that have relationships with Adani, according to the Indian group.