UBS has issued a warning that there is a 93% chance of a US recession this year, per Moneywise. The prediction is based on data such as personal incomes, consumption, industrial production, and employment rates. When consumers feel stressed, they’re more likely to turn to advice that promises to fix their problems quickly. But much advice like this on social media is misleading—or downright dangerous financially. FIs are well positioned to combat misinformation and share more trustworthy advice via social media on navigating economic challenges. Advice could center around specific products.

The value of Deutsche Bank shares plummeted on Friday as the price of its credit default swaps spiked. Meanwhile, the news of a probe left UBS and Credit Suisse shares struggling.

Regulators hoped the deals would quiet the chaos, but they might be doing the opposite.

Just as the tech blows up in banking, UK startup Evident has created a non-biased index that scores banks on AI development and implementation.

Eight banks and three other FIs will pay a combined $1.8B for their message retention failures, highlighting the need for better tech tools at work.

It will disrupt the bank’s plans for digital expansion, growth in the US, and drive for a younger customer base.

Wall Street banks are expected to face more than $1B in fines over traders’ use of private messaging apps.

The SEC has called out JPMorgan, UBS, and TradeStation for deficient customer identity theft prevention programs, and the CFPB just fined U.S. Bank for opening unwanted new accounts.

UBS’s $1.4B acquisition of Wealthfront brings in new tech and, more importantly, lots of affluent millennial and Gen Z investors.

Evolving client expectations for more personalized services threaten wealth managers’ ability to retain existing clients and snap up new ones. But incumbents can face these changes head on by tapping AI to hyper-personalize offerings across the customers journey.

COVID-19 has altered the relationship between TV viewership supply and advertising demand.

With the ever-changing situation surrounding the coronavirus outbreak, it is unclear how long the pandemic will last and what its effect on the economy—and therefore the TV industry—will be.

Advertisers are embracing the popularity of connected TV by allocating more money to streaming platforms.

US advertisers are committing more dollars upfront for linear TV and digital video, however the percentage of digital video ads being sold programmatically continues to increase.