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Sergio Ermotti returns as UBS CEO to steer Credit Suisse takeover
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By John Revill ZURICH (Reuters) - UBS Group AG has rehired Sergio Ermotti as CEO to steer its massive takeover of neighbour Credit Suisse - a surprise move to take advantage of the Swiss banker's experience rebuilding the bank after the global financial crisis. The trader turned corporate problem fixer faces the tough challenge of laying off thousands of staff, cutting back Credit Suisse's
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