UBS CEO Ermotti on Earnings, Wealth Management, Profit Targets

Jan.21 — UBS Group AG Chief Executive Officer Sergio Ermotti discusses fourth-quarter earnings, wealth management outflows and profit targets. The Swiss bank failed to meet several key metrics set during the last revamp of its goals just over a year ago, highlighting the mounting headwinds for European lenders at a time when their U.S. rivals are posting record profits. Ermotti speaks with Bloomberg’s Manus Cranny from Zurich.

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