UBS CEO Sergio Ermotti on Earnings, Capital Requirements, Trade

/ 2 days ago July 30, 2025

From Bloomberg Markets and Finance.

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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