Bloomberg UBS Group AG rebounded from one of the worst environments in recent history, but CEO Sergio Ermotti is still facing no shortage of challenges. Pressure on investment banking revenue, the prospect of fresh rate cuts and the struggle to meet profit targets are all weighing on the bank after it posted the best quarterly net income in almost a decade. …

Bloomberg China’s central bank governor said the country’s current interest rates are at an appropriate level and the bank will make decisions on interest rates based domestic considerations. China didn’t follow the Federal Reserve in raising interest rates last year, and it’ll continue to “look at its own real situation” when making rate decisions now that the Fed is likely …

Bloomberg Banco Santander SA is prepared to fight Andrea Orcel in court over its decision to drop an offer to hire the former UBS Group AG investment chief as its chief executive officer. Santander is convinced it made the right decision and is ready to defend its U-turn on Orcel in a dispute over deferred bonuses at UBS, Secretary General …