Business
UBS vows to fend off Aussie competitors as Archegos loss dents result – The Australian Financial Review
A $US434 million hit from Archegos to an otherwise strong first quarter profit has diverted attention from the investment bank’s battle to maintain the top spot…
We are committed to the prime brokerage business. The capabilities that underline the business are crucial to continue to build wealth business, so therefore we are committed to it.
But again, we have to learn and look at the relationships, look at the leverage situation and make sure that the risk management going forward is effective.
Locally, the focus remains on UBS keeping its top position in the competitive investment banking landscape.
Anthony Sweetman and Nick Hughes are tasked with rebuilding…
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