UBS CEO sees Archegos hit as one-off, plays down job cuts – Blick

Investing.com | Jun 28, 2021 at 9:33 AM
  • UBS Group Chief Executive Ralph Hamers sees the hit from collapsed investment fund Archegos as a “unique event”, he told Swiss newspaper Blick.
  • UBS, the world’s largest wealth manager, unveiled a $774 million revenue hit in the first quarter from the default of Archegos.