UBS takes a hit from Archegos scandal as it reports first-quarter net profit of $1.8 billion ...United Arab Emirates

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UBS takes a hit from Archegos scandal as it reports first-quarter net profit of $1.8 billion
source : CNBC ( United Arab Emirates ) () 29
The Swiss lender said profit was $434 million lower as a result of the default by the Archegos hedge fund.

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