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Surveillance: Subramanian Lifts S&P 500 Target

Bloomberg Surveillance

00:00

The End of Credit Streets

The moment that there was a queue in front of Northern Rock in 2007, the bank was done. UBS acquired a lot of it, but UBS was already—they have 400-pound gorilla. We're picking up some low market share. How much? We had $20 billion of inflows last year and another $5 or so billion into our private bank in the first quarter of this year. I'm a big believer in the UK, right? It's a fundamentally resilient place.

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