Axel Weber


European banking sector still in 'very difficult' place: UBS boss

Weber Grill

UBS Chairman Axel Weber warned on Tuesday that the beleaguered European banking sector was still facing many challenges, particularly on the regulatory and capital front, and that the European Central Bank (ECB) was likely to wait and see how its policies do before changing course.

UBS Chairman in warning

Weber Grill

The Swiss economy may still be coming to terms with a currency shock last week but Axel Weber, the chairman of UBS, has told CNBC that it is major policy divergence between different countries that could deliver a significant slice of volatility for global asset markets in 2015.