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UBS first-quarter profit up 14%, but CEO ‘very disappointed’ with hit from Archegos scandal

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The Swiss lender said revenues were $774 million lower as a result of the Archegos hedge fund’s collapse.

HSBC shares in Hong Kong up 2.7% after pre-tax profit in the first quarter beat expectations

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HSBC shares in Hong Kong up 2.7% after pre-tax profit in the first quarter beat expectations

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