UBS Group AG's CEO, Sergio Ermotti, has expressed concerns about excess capacity in the U.S. banking sector.
The company operates in various sectors including wealth management, investment banking, retail and corporate banking, and asset management. Wealth management is the largest revenue generator for UBS, accounting for 54.3% of its total revenue. As of the end of 2022, UBS had CHF 525.1 billion in current deposits and CHF 387.2 billion in current loans.
UBS's operating income is primarily contributed by the Americas at 39.9%, followed by Switzerland at 22.3%, Europe/Middle East/Africa at 20.2%, and Asia/Pacific at 16.2%. The asset management segment accounts for 8.5% of UBS's overall revenue, showcasing the company's diversified operations in the global financial landscape.