What trends were observed in Q1 regarding competition?
UBS CEO Ermotti Sees `Positive Developments' Offsetting NII Headwinds
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The video discusses the challenges faced by businesses due to income volatility and competition. It highlights trends observed in Q1, including pressures from interest rate changes and currency influences, particularly the euro and Swiss franc. Despite these headwinds, transactional lines and recurring fees remain stable, offsetting some negative impacts.
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What factors are highlighted by USB in relation to the issues faced?
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