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UBS

AI won’t replace financial advisors, UBS CEO says

LONDON - One of the largest asset managers in the world doesn't believe artificial intelligence can replace the role of financial advisor.Ralph Hamers, CEO of UBS, said on Wednesday that technologies like AI are better suited to doing…

EU fines Nomura, UBS and UniCredit in antitrust case

Frankfurt, GermanyLeoPatrizi | E + | Getty ImagesLONDON - The European Commission, the EU's executive branch, has found seven investment banks guilty of violating their antitrust rules during the 2008 global financial crisis. Three of…