UBS orders bankers to scale back sale of complex currency products 

The Swiss bank has told advisers to stop pitching foreign exchange derivatives to many clients after losses. UBS has ordered bankers to scale back sales of complex currency derivatives after clients suffered heavy losses linked to Donald Trump’s “liberation day” tariff announcements. The Swiss bank told advisers to stop pitching the structured FX products — known as Range Target Profit Forwards (RTPFs) — to many clients, according to three people familiar with the discussions, amid growing concerns about sales practices and whether the products were suitable. UBS has already made more than 100 “goodwill” payments to customers who lost money when the US dollar moved sharply in the wake of Trump’s April tariff announcements. The bank was now running internal role-play sessions to improve how advisers assess client risk profiles and suitability, one of the people said. “The tone at internal meetings has completely changed in the past few months,” the person added. “Now it’s all about ... Full story here Are you the author? Previous post See more for 3.) Swissinfo Business and Economy Next post
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