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Swiss finance minister
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- 1AI fraudsters steal €95mn from Intesa Sanpaolo private bank▼AI fraudsters steal €95mn from Intesa Sanpaolo private bank; Swiss finance minister casts doubt on UBS leaving country
Fraudsters using artificial intelligence have stolen €95 million from the private banking arm of Italy's Intesa Sanpaolo, in one of the largest reported AI-enabled thefts from a European bank. The story is circulating alongside separate Swiss news, with Switzerland's finance minister casting doubt on suggestions that UBS could leave the country, keeping both items in financial headlines.
- 2Swiss finance minister plays down chance of UBS leaving▼Swiss finance minister says unlikely UBS would leave its home base
Switzerland's finance minister said it is unlikely that UBS would move away from its home base, offering reassurance about the bank's future in the country. The comment comes amid ongoing debate in Switzerland over the size and regulation of UBS following its takeover of Credit Suisse, with some politicians pushing for tighter capital rules on the enlarged bank.