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UBS integration of Credit Suisse slowed AI deployment, Ermotti says

By Thomson Reuters Oct 27, 2026 | 3:18 AM

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)