Many businesses in an investment bank, not only at UBS, are structurally a loss leader, so they don't pay for the cost of capital. — Sergio Ermotti Copy Share Image
Can a bank that is part of this society be sure that it has no bad apples? No, because, like in all other industries… — Sergio Ermotti Copy Share Image
In 1987, Merrill Lynch asked me to open a Swiss capital markets operation. I was 27. In hindsight, I was lucky enough to start… — Sergio Ermotti Copy Share Image
Philanthropic funding can play a vital role in testing and stimulating innovation that, when proven, can be implemented at scale by business or government. — Sergio Ermotti Copy Share Image
Many businesses in an investment bank, not only at UBS, are structurally a loss leader, so they don't pay for the cost of capital. — Sergio Ermotti Copy Share Image
We have to have a business model that can be a sustainable and acceptable one to both regulators and the other stakeholders, clients, and… — Sergio Ermotti Copy Share Image
If I have to tell you what was and is my mission, I think UBS can be the Apple or IBM of the banking… — Sergio Ermotti Copy Share Image
While government clearly plays the major role in fighting poverty through policies on things such as education, tax, and trade, business creates the wealth… — Sergio Ermotti Copy Share Image
Everything is always feasible if you run a corporate finance exercise: you can always try to come out with a justification on how things… — Sergio Ermotti Copy Share Image
Growth is what solves most of the big economic and social problems: poverty, government deficits, quality of life, rising healthcare and retirement costs. — Sergio Ermotti Copy Share Image
When you start to get shareholders, clients, employees, rating agencies, and everybody converging, and then your competitors bad-mouth you, you know you did the… — Sergio Ermotti Copy Share Image
