UBS CEO: Investment Banking Revenue Pressure `Is There to Stay'

The transcript discusses maintaining business continuity and cost management without drastic measures. It highlights strong performance in the second quarter but emphasizes the need for vigilance in a challenging market environment. The focus is on optimizing resources and staying close to clients. The impact of restructuring in other financial institutions, like Deutsche Bank, is also considered, with some positive effects on business operations.

What is the current approach of the business regarding cost management?

• Investing heavily in new areas

• Maintaining costs without change

• Cutting costs as usual

• Increasing costs to expand

What is the speaker's attitude towards the strong performance in the second quarter?

• Overconfident and relaxed

• Indifferent and neutral

• Cautious and proactive

• Complacent and satisfied

Despite record M&A results, what is the speaker's focus in the investment banking sector?

• Expanding into new markets

• Reducing client interactions

• Optimizing resources and portfolio

• Waiting for better times

How does the speaker view the redistribution of market share in the competitive environment?

• It will not affect the top players

• Top players will get a proportional share

• It will be evenly distributed

• It will benefit only one player

What impact does the restructuring of other institutions have on the speaker's business?

• Complete takeover of market share

• Some positive shifts in business

• Significant negative impact

• No impact at all