Bloomberg Talks UBS Chief Executive Officer Sergio Ermotti Talks Earnings, Capital Requirements, Trade
Jul 30, 2025
Sergio Ermotti discusses UBS's impressive $2.4 billion net income, surpassing expectations, and emphasizes the bank's strength in global diversification. He tackles Switzerland's upcoming bank capital rules and insists that shrinking is not an option. The conversation also delves into the complexities of trade negotiations, potential tariffs, and their inflationary impacts. Ermotti highlights concerns from clients regarding trade uncertainties and the critical need for stable agreements to restore market confidence.
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UBS's Strong Earnings Growth
- UBS's core underlying profits rose by 25% year-on-year with strong growth across wealth management worldwide.
- The markets division delivered the second-best quarter on record, showing broad business strength.
UBS Credit Suisse Integration Milestone
- UBS has migrated 400,000 clients in Switzerland smoothly as part of Credit Suisse integration.
- The bank has achieved 9 billion CHF in cost savings and is on track to hit 13 billion CHF.
UBS-Switzerland Strong Ties
- UBS has a deeply embedded relationship with Swiss communities and SMEs, serving over 2.5 million clients.
- This solid local presence underlines the bank's importance to Switzerland and vice versa.