Keep pulling the thread on Sergio Ermotti.
UBS CEO Sergio Ermotti warned that proposed changes to Swiss capital requirements could derail the bank's share buyback ambitions.
President Trump has reportedly told advisers to prepare for an extended blockade of Iran.
President Trump rejected an interim deal from Iran to reopen the Strait of Hormuz in exchange for lifting the US blockade on Iranian ports.
Goldman Sachs estimates that the world will lose a cumulative 2 billion barrels of Persian oil production by year-end due to the conflict in the Middle East.
The United Arab Emirates is leaving OPEC on Friday, a decision influenced by years of tension with Saudi Arabia.
The European Commission issued preliminary findings that Meta's Facebook and Instagram lack effective controls to prevent users under 13 from accessing the platforms.
Meta could face fines of up to 6% of its annual global sales if it fails to address the European Union's concerns about its age verification controls.
Oil analysts predict Iran has roughly two to three weeks of oil storage capacity left before it must start shutting down wells.
Brent crude oil prices could rise to $120 per barrel or more if Iran's oil exports remain blocked for a few more weeks.
UBS reported first-quarter profits of $3 billion, which was higher than analyst estimates.
UBS CEO Sergio Ermotti does not expect much clarity on the issue of Swiss capital requirements by the second quarter.
UBS CEO Sergio Ermotti cautioned that markets are not yet fully pricing in risks stemming from the Middle East conflict.