UBS Group restored its global technology systems Tuesday following a brief outage that disrupted parts of its trading business, according to a source familiar with the matter.
The bank identified the root cause and implemented a fix. UBS has not publicly commented on the incident, initially reported by Bloomberg.
The glitch occurred as financial markets face heightened volatility from Middle East tensions and private credit risks.
UBS isn’t alone: Lloyds Banking Group recently exposed customer transactions due to a system error, and the London Metal Exchange halted electronic trading Monday after a failure in its core matching engine-highlighting growing scrutiny over banks’ digital infrastructure resilience.