UBS (UBS) is discussing compensation for some clients after losses in complex foreign-exchange derivatives due to price swings caused by US President Donald Trump's tariffs, Reuters reported Friday, citing sources familiar with the matter.
The wild moves in currencies affected several hundred customers, including clients in Switzerland, who lost hundreds of millions of francs, the report said.
"The vast majority of our clients hold diversified investment portfolios and have done relatively well in this volatile time," UBS said in a statement, according to the report.
"We are analyzing potential unexpected effects with our clients" after "extreme volatility," the bank said, according to the report.
UBS didn't immediately respond to a request for comment from MT Newswires.
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