UBS Q1 profit up 14% as Switzerland's top bank unveils $774 mln Archegos hit

UBS (UBSG.S) posted on Tuesday a 14% rise in first-quarter net profit on record high client activity levels, but the world's largest wealth manager lost some of its shine as it unveiled it lost $774 million dealing with U.S. investment firm Archegos. Net profit of $1.824 billion for the first...