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Google News: UBS Q2 earning plunges by 58%

[MENAFN.COM] - Chief executive officer Sergio Ermotti is shrinking UBS's investment bank by more than half to focus on wealth management as rising capital requirements and Europe's debt woes drag on profitability. "The investment bank has been an underperformer for a

Libor Scandals, Risk and Profits: The Changing European Banking ...
[] - The CEO Sergio Ermotti, said UBS is shrinking its balance sheet to help meet Switzerland's tough new capital rules and the new dynamic in its banking model has clearly changed. He said that the investment banking industry is "in a mid-nineties

[网易] - 《每日概览》网站8月1日消息,瑞银集团总裁埃尔默蒂日前(Sergio Ermotti)表示,受欧债危机和FACEBOOK投资失利影响,瑞银今年上半年经营业绩表现糟糕,但他本人对集团经营现状仍持“半满意”态度。 埃表示,为降低欧债危机

Problem IPO and downturn blamed for UBS profit drop
[New Zealand Herald] - Chief executive Sergio Ermotti, who is cutting the investment bank's size by more than half, told investors in a statement that UBS will focus more on wealth management to comply with the need for greater capital cushions. He said the bank would
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