UBS integration of Credit Suisse slowed AI deployment, Ermotti says
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FILE PHOTO: A logo of UBS in front of a Swiss flag on the Swiss Parliament building (Bundeshaus) ahead of a press conference on Swiss banks' capital requirements in Bern, Switzerland, April 22, 2026. REUTERS/Denis Balibouse/File Photo
ZURICH, Oct 27 (Reuters) - UBS CEO Sergio Ermotti said on Tuesday his bank's integration of fallen rival Credit Suisse, which it acquired in 2023, forced it to slow its deployment of AI somewhat, but now the lender can put even more emphasis on technology.
Ermotti, who was speaking at an event at the ETH university in Zurich, also said the bank was not allowing any outside AI agents to enter UBS on behalf of clients.
(Reporting by Ariane Luthi, editing by Kirsti Knolle)
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