UPDATE 1-UBS Q1 profit up 14% as Switzerland's No. 1 bank unveils Archegos charge

Home > Business
By Hernandez in Business
Updated 3 years ago

ZURICH, April 27 (Reuters) - UBS on Tuesday posted a 14% rise in first quarter net profit, as the world's largest wealth manager unveiled a $774 million revenue hit from the default of U.S. investment firm Archegos which took the shine off record high client activity levels. First-quarter net profit...

update-1-ubs-q1-profit-up-14-as-switzerland-s-no-1-bank-unveils-archegos-charge