Swiss banking giant UBS will require all graduate and intern applicants to its Global Banking and Markets division to demonstrate AI skills in interviews starting in 2027, marking a shift from workforce reduction concerns to mandatory AI competency requirements in banking recruitment.
UBS and market strategists are urging investors to diversify beyond US technology stocks as concerns grow over concentration risk tied to AI-driven market cycles. The warnings come as billionaire investors reshuffle positions in Chinese tech stocks and analysts question whether traditional portfolio diversification still provides adequate protection.
Major global banks including JPMorgan, Citibank, and UBS successfully settled real cross-border payments using tokenized central bank reserves and commercial bank deposits in a pilot program coordinated by the Bank for International Settlements.
Several financial-market firms announced separate expansions: 1exchange added UBS Asset Management's tokenized uMINT money market fund for secondary trading on July 22, 2026; CoinShares launched a UCITS platform, with its Bitcoin Mining UCITS ETF beginning trading on Deutsche Börse Xetra on July 21 after launching on July 16; and the London Stock Exchange announced plans to launch LSE 24, a separate night-time trading venue, in the first half of 2027.
