



Madeleine Hofmann, analyst at Julius Baer Holding AG, talks with Bloomberg's Rishaad Salamat from Zurich about UBS AG's second-quarter forecast and her strategy for European banks. The Swiss company, the European bank hardest hit by the U.S. subprime crisis, said it may avoid a loss in the second quarter after about 3 billion Swiss francs ($2.9 billion) in tax credits. (Source: Bloomberg)
