UBS CEO Ermotti on Earnings, Cost Cutting Goals, Industry Consolidation

The transcript discusses various financial topics, including market conditions, investor sentiment, and the impact of new money inflows. It highlights the challenges faced in the Asian market, changes in investment banking, and strategies for buybacks and cost management. The discussion also covers asset management, M&A rumors, and the broader challenges of growth and consolidation in the banking industry.

What are the two initiatives mentioned for cost cuts?

What is the speaker's perspective on the asset management business's growth ambitions?

How does the speaker view the potential for consolidation in the banking industry?