UBS in talks to compensate some clients over derivative losses, Reuters says

UBS (UBS) is in discussions to compensate certain clients for losses after they were sold complex foreign-exchange derivatives that tanked much of their investments in the wake of U.S. President Donald Trump’s tariffs, Reuters’ Stefania Spezzati, Oliver Hirt and Ariane Luthi report, citing sources familiar with the matter. Several hundred customers of the Swiss lender have been affected by such volatility in currencies, the authors say, noting that the customers include clients in Switzerland and their combined losses amount to hundreds of millions of francs.