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UBS CEO on investment bank: ‘Shrinking is not an option’

Investment Banking Editor

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UBS’s chief executive Sergio Ermotti said that “shrinking is not an option” for its investment bank after its dealmakers posted a sharp decline in fees during the second quarter. 

Ermotti told journalists that UBS’s investment bank remains key to its growth ambitions, even as its dealmakers unveiled a 30% decline in fees during the second quarter. 

Despite a reduction in investment banking fees, Sergio Ermotti says the bank remains committed to growth

Paul Clarke

Banking

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