May 5th, 2021
UBS's Weber Says He's `Deeply Sorry' Over Archegos Loss
UBS Group AG Chairman Axel Weber discusses the bank's $861 million loss on exposure to Archegos Capital Management. In an interview on Bloomberg Television, Weber said he's "deeply sorry that it happened" and that UBS would not be giving the same level of exposure to another client again without further disclosures from the client. (Source: Bloomberg)
