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LUZERN, Switzerland, May 12 (Reuters) - UBS Chief Executive Sergio Ermotti said on Friday that the situation
at Credit Suisse has stabilized and he did not think outflows at
the embattled bank were continuing.
Addressing the Swiss Media Forum in Lucerne, Ermotti also
said he hoped there would be an investigation into Credit
Suisse's Group downfall, which prompted his bank's
takeover of its Swiss rival as part of a rescue orchestrated by
the Swiss authorities.
He said UBS was on track to close the transaction within
three months from its March 19 announcement.
(Reporting by Noele Illien,
Editing by Tomasz Janowski)
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