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ubs ceo highlights us banking overcapacity and economic outlook

UBS CEO Sergio Ermotti highlighted significant overcapacity in the US banking sector during an interview with Lisa Abramowicz on "Bloomberg The Close." He expressed optimism about the US economy, predicting it will continue to outperform the European Union.
23:26 24.10.2024

ubs ceo warns of overcapacity and regulatory challenges in global banking

Investor flows are likely to continue favoring the U.S. over Europe due to differing economic conditions and regulatory environments. Central banks are diversifying away from the dollar, with rising gold prices indicating increased purchases by both private and institutional investors. The fragmented European banking market faces challenges from protectionism, which could hinder innovation and lead to higher borrowing costs, while large banks remain stable despite recent turmoil.
23:06 24.10.2024
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