UBS Clients Are Still `Very Cautious,' Ermotti Says

   Oct. 28 (Bloomberg) -- UBS AG, Switzerland’s biggest bank, posted a smaller-than-estimated gain in third-quarter profit after setting aside 1.84 billion Swiss francs ($1.94 billion) for legal costs as it prepares to settle probes into alleged currency rigging. Chief Executive Officer Sergio Ermotti said clients are still "extremely cautious." He spoke with Caroline Hyde in Zurich on Bloomberg Television's "Countdown" with Mark Barton. (Source: Bloomberg)

Full Show: Bloomberg Daybreak: Americas (09/21)
37:30 - Bloomberg Daybreak: Americas hosted by David Westin, Jonathan Ferro, and Alix Steel. Guests include Joachim Fels, global economic advisor at Pimco, Steve Liberatore, managing director at TIAA Investments, and Jim Caron, senior fixed income portfolio manager at Morgan Stanley Investment Management. (Source: Bloomberg)
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