UBS Responds to Client Losses

UBS Group AG has made approximately 100 'goodwill' payments to Swiss clients who suffered losses on foreign exchange derivatives following the tariff announcements by United States President Donald Trump. This move comes after a significant drop in the US dollar value, which left many investors facing substantial financial setbacks.

Task Force and Complaints

In response to the outcry, UBS reportedly established a task force to examine the complaints. Some clients argued that they were not adequately informed about the potential risks involved with their investments.

Criminal Complaints and Resolutions

A number of clients escalated their grievances by filing criminal complaints in Zurich, accusing the bank of engaging in unfair practices. UBS has stated that it took each complaint seriously and managed to resolve the majority of the issues raised.