UBS CEO Sergio Ermotti on Earnings, Capital Requirements, Trade

UBS CEO Sergio Ermotti on Earnings, Capital Requirements, Trade

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For your information, you can find below the description of the video UBS CEO Sergio Ermotti on Earnings, Capital Requirements, Trade published by the Youtube channel Bloomberg Television:

UBS Chief Executive Officer Sergio Ermotti talks about the bank's performance in the second quarter as it raid net income was $2.4 billion in the three months to June, compared with estimates for $2.2 billion. He also discusses Switzerland's planned bank capital rules, and says that having a global diversified business is a strength for UBS and for Switzerland, and "shrinking is definitely not an option." Ermotti also discusses trade and tariff uncertainty. He speaks with Bloomberg's Francine Lacqua.

00:00 - UBS CEO Ermotti on second-quarter earnings
01:49 - Possibility of new UBS headquarters, relationship with Switzerland
03:30 - Capital requirements, 'shrinking is not an option'
04:53 - Buying Credit Suisse
06:09 - Dividends, share buybacks
06:56 - Basel III implementation
07:58 - US banks, client behavior, USD
09:06 - Trade uncertainty, tariffs, outlook, consequences for inflation and monetary policies
10:48 - Swiss franc
11:10 - Clients affected by UBS employees selling FX packages complicated to understand
12:18 - Possible impact of capital requirements on UBS
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