UBS CEO Says Bank Will Review Prime Brokerage Clients

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Apr.27 — UBS Group AG CEO Ralph Hamers says the lender is taking steps to avoid a repeat of the fallout from the collapse of Archegos Capital Management. “We’re reviewing the different prime brokerage relationships,” Hamers said during an interview with Bloomberg Television’s Manus Cranny. “We should look at regulations to come in here in order to ensure that an idiosyncratic event like this doesn’t happen again.”

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