Ermotti Says UBS ‘Obsessed’ With Costs as He Weighs Next Steps
- Expenses are one focus as CEO prepares to present new targets
- ‘I am not pleased’ with investment bank’s performance, he says
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UBS Group AG Chief Executive Officer Sergio Ermotti, under pressure to lift a stock that has trailed peers for a year, vowed to take a close look at costs in every corner of the bank as he prepares to unveil new targets.