UBS has revised its outlook on the private credit sector to negative following intensifying concerns about the impact of AI on businesses, indicating that default rates could soar to 15% in a worst-case scenario.

Analysts from UBS warn that the AI ​​trend could spread from the stock market to the credit market, predicting a potential increase of $75,000-120,000 billion in new bad debt by the end of this year, particularly among software companies with high debt levels.

UBS has raised its 2569 gold price target to $6,200 per ounce, while several global financial institutions estimate gold could reach $6,000-$7,200.

UBS opposes the government's banking regulatory reform plan, warning that requirements for foreign subsidiaries to have fully equity-funded capital would increase the capital burden by tens of billions of dollars, impacting its business model.

UBS plans to cut an additional 10,000 jobs by 2570 following the Credit Suisse merger, though the bank insists it will try to minimize the impact.

UBS tightens scrutiny of client funds in Singapore and Hong Kong following S$3 billion money laundering scandal, involving Deloitte and KPMG in document review

A survey found that 65% of Swiss are concerned about UBS moving its headquarters abroad, and around 61% support tighter capital requirements, which UBS opposes. The new rules could force the bank to raise more than $2.6 billion in capital.

UBS CEO says it's still unclear how much pressure global tariffs will put on US inflation, despite market expectations the Fed will cut interest rates on September 16-17.

UBS: Global Reserve Managers Worried About Dollar Stability and Fed Independence: Central Banks Gradually Increase Gold and Reduce Dollars to Deal with Economic Policy and Trade War Risks

UBS cuts dollar outlook for second time as US-China trade war drags capital into US; advises watching euro-yen strengthen as market direction remains unclear