ZURICH (Reuters) - UBS AG Chief Executive Sergio Ermotti said on Thursday he cannot categorically exclude a large acquisition but that such a deal is unlikely, given the bank's current status as the world's largest wealth manager.
"It is difficult to rule out M&A," Ermotti told investors after the company released third-quarter results, adding options for a transformational deal with a big partner are limited.
(Reporting by John Miller; Editing by Alexandra Hudson)
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Updated Date: Oct 26, 2018 00:05 AM