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UBS tells bankers to stop pitching foreign exchange derivatives, FT says

UBS (UBS) ordered bankers to stop pitching the structured foreign exchange products, also known as Range Target Profit Forwards, after clients suffered losses linked to Donald Trump’s recent tariff announcements, Mercedes Ruehl of The Financial Times reports, citing people familiar with the discussions. The bank is now running internal sessions to improve how advisers assess a client’s risk profiles and suitability, one source told the Times.

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