UBS CEO Ermotti on Earnings, Cost Savings, Capital Return

UBS reported net income of $2.69 billion in the third quarter ending September, with net new assets in its wealth unit reaching $55.1 billion, led by growth in Asia Pacific and the Americas, according to Bloomberg. CEO Sergio Ermotti discussed the results with Bloomberg's Stephen Carroll. The bank did not announce specific details regarding cost savings or capital return plans in the provided statement.

• Bloomberg — UBS CEO Ermotti on Earnings, Cost Savings, Capital Return

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