Sergio Ermotti can't have many complaints at the market reaction to his arrival as chief executive of UBS. Since he was appointed on Nov. 15, shares of the Swiss bank are up 19% and have outperformed the European banking sector by 4% this year. But following a poor fourth quarter in which revenue fell short of expectations and with no respite in sight, Mr. Ermotti shouldn't expect his stock-market honeymoon to continue….
Read more at http://online.wsj.com/article/SB10001424052970203315804577209324150433072.html?mod=markets_newsreel
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