London Leads World in Financial Technology: Shields

June 16 (Bloomberg) -- Joanna Shields, Chairman at Tech City U.K., discusses the environment for technology companies in the U.K. and how education is spurning more interest in the sector. She speaks with Anna Edwards on Bloomberg Television’s “On The Move.” (Source: Bloomberg)

UBS Made `Good Progress' On Costs, Says CEO Ermotti
36:08 - UBS Group AG said pretax profit rose 11 percent in the third quarter as lower costs helped offset a drop in earnings at the wealth management and investment banking divisions. Pretax profit rose to 877 million Swiss francs ($883 million) from 788 million francs a year earlier, the Zurich-based bank said in a statement Friday. That compares with the 862 million-franc average of six analyst estimates compiled by Bloomberg. CEO Sergio Ermotti says UBS has “very comprehensive and quite ambitious” cost reduction plans in discussion with Nejra Cehic and Manus Cranny on "Bloomberg Daybreak: Europe."
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