UBS Group CEO Sergio Ermotti Talks Banking Sector Outlook

Sergio Ermotti, CEO of UBS Group, dives into the challenges facing the banking sector. He highlights the U.S. banking system's overcapacity and explores how regulations impact mergers and innovation. Ermotti contrasts U.S. growth with Europe's stagnation, discussing shifting investment trends towards alternative assets like gold. He also examines the balancing act central banks face in managing inflation while avoiding recession in these uncertain times. His insights shed light on the delicate interplay of economic forces.