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View all search resultsIndustry leaders told a panel discussion on Tuesday at the World Financial Innovation Series that AI was overhauling banking through predictive analytics that enabled tailored insights, precise pricing and reduced fraud risks.
UBS on Monday said it had completed its emergency takeover of embattled local rival Credit Suisse, creating a giant Swiss bank with a balance sheet of US$1.6 trillion and greater muscle in wealth management.
A $30 billion lifeline for First Republic Bank hosed down market fears about an imminent banking collapse on Friday, but a late tumble in the troubled US lender's shares showed investors were still worried about cracks in the sector.
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