Jan 21st, 2025
Ermotti Says UBS Weighing Net-Zero Banking Alliance Exit
UBS Chief Executive Officer Sergio Ermotti said he’s looking at whether to follow Wall Street peers in abandoning a key climate-finance alliance, as lenders seek to protect themselves from intensifying political pressure. He made the comments during a discussion at Bloomberg House on the sidelines of the World Economic Forum’s annual meeting in Davos, Switzerland.
