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Cake day: September 29th, 2023

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  • Kelleher also provided an update on the bank’s integration of its former rival, saying UBS had so far over-delivered, but that complexities lay ahead.

    Although a number of European banks have been caught up in the crisis surrounding troubled property group Signa, which owns scores of high-profile projects and department stores, Kelleher said he is not worried about potential implications for UBS.

    “That is one exposure that I’m not even concerned about.