UBS CEO Sergio Ermotti discusses the lender’s performance in the first quarter as net income for the three months to March came in at $1.7 billion, beating estimates. Speaking to Bloomberg’s Tom Mackenzie, Ermotti also talks about clients’ response to ongoing volatility spurred by geopolitical factors such as trade and tariffs, as well as the lender’s plans in the US.
00:00 – UBS CEO Sergio Ermotti on 1Q results
01:36 – UBS wealth management clients’ response to market volatility, trade, tariffs situation
04:03 – Switzerland as safe haven as investors diversify
04:45 – UBS plans in the US, narrowing gap to peers
05:53 – Higher capital requirements, regulation, discussions
07:47 – Credit Suisse integration
08:39 – Private credit
09:34 – FX, dollar
——–
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