Skip to content
Subscriber Only

Weber Says UBS Share Gain Shows Bank on Right Path

Updated on

UBS AG Chairman Axel Weber said Switzerland’s largest bank is “on the right path” with its plan to reduce debt trading and focus on wealth management to boost profitability.

The bank’s share performance “is a sort of vote of confidence by markets, and we’ll continue over the next two years to execute in a very disciplined fashion the strategy we’ve outlined,” Weber told Bloomberg Television’s Mike McKee in an interview July 12 at the Rocky Mountain Economic Summit in Jackson Hole, Wyoming.