UBS orders bankers to scale back sale of complex currency products, FT reports

ReutersJul 29, 2025 4:12 AM

July 29 (Reuters) - UBS UBSG.S has ordered bankers to scale back sales of complex currency derivatives after its clients suffered heavy losses due to U.S. President Donald Trump's "Liberation day" tariff announcements, the Financial Times reported on Tuesday.

Reuters could not immediately verify the report.

UBS did not immediately respond to a request for comment.

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