UBS CEO Says Bank Will Review Prime Brokerage Clients

Apr.27 -- UBS Group AG CEO Ralph Hamers says the lender is taking steps to avoid a repeat of the fallout from the collapse of Archegos Capital Management. "We're reviewing the different prime brokerage relationships," Hamers said during an interview with Bloomberg Television's Manus Cranny. "We should look at regulations to come in here in order to ensure that an idiosyncratic event like this doesn't happen again."

[@Longtack55]

Bugger. A $430 Million nett loss and he can't tell me that it doesn't hurt.

[@AK-yx4wc]

Ralfie...on one hand legal proceedings in holland...and now this.

[@augustosanjuan7681]

What about the Gold bullion Certificate 9827 the Wells fargo investment.

[@dalehargreaves5196]

Bull*""

[@amvorv2144]

To be honest and HONESTLY frankly speaking and spoken direct and directly to the point of you if I get this all Money's in the stocks markets I will return's to the people's around the world, to get vaccines and vaccinated for the people's around the world to saves and saving lives of the people's and livelihoods around the world, to open and openings all the jobS, works, workers and small ,big business and business plus to recovery and recover of ours ECONOMIES AND ECONOMICS around the world to get back to normal and normally life of savings lives and savings of our humanity and humanitarian lives fragile of the worlds wide of human beings in this EARTH.