Sergio Ermotti Talks UBS Earnings

UBS returned to profit after two loss-making quarters, with both wealth management and the investment bank showing sustained progress in the integration of Credit Suisse after its emergency rescue last year. In an interview with Bloomberg TV, CEO Sergio Ermotti said that the bank is seeing "good momentum," -- aligned with expectations -- although "a lot of work" still has to be done to generate "even stronger profitability."

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