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UBS integration of Credit Suisse slowed AI deployment, Ermotti says

UBS integration of Credit Suisse slowed AI deployment, Ermotti says
Channel News Asia Tuesday 27 October 2026, 08:18 UTC 1 min read
Key Points

UBS integration of Credit Suisse slowed AI deployment, Ermotti says ZURICH, Oct 27 : 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.

UBS integration of Credit Suisse slowed AI deployment, Ermotti says ZURICH, Oct 27 : 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. Source: Reuters
UBS (ORG) Credit Suisse (ORG) Ermotti (PERSON) ZURICH (LOCATION) Sergio Ermotti (PERSON) AI (ORG)
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