In Full: UBS CEO Ermotti on Q3 Earnings, Credit Markets

UBS CEO Sergio Ermotti discusses earnings, the bank's exposure to credit risks following the collapse of US auto parts supplier First Brands, and the stand-off with the Swiss government over...

By Bloomberg · Bloomberg

UBS CEO Sergio Ermotti discusses earnings, the bank's exposure to credit risks following the collapse of US auto parts supplier First Brands, and the stand-off with the Swiss government over the enlarged lender’s capital requirements. Ermotti speaks to Bloomberg’s Guy Johnson after UBS reported profit which beat expectations in the third quarter as investment banking revenue and lower-than-forecast legal costs boosted performance. (Source: Bloomberg)