{"id":78021,"date":"2021-04-27T01:20:58","date_gmt":"2021-04-27T05:20:58","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=78021"},"modified":"2021-04-27T01:05:31","modified_gmt":"2021-04-27T05:05:31","slug":"ubs-takes-a-hit-from-archegos-scandal-as-it-reports-first-quarter-net-profit-of-1-8-billion","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/04\/2021\/ubs-takes-a-hit-from-archegos-scandal-as-it-reports-first-quarter-net-profit-of-1-8-billion.html","title":{"rendered":"UBS takes a hit from Archegos scandal as it reports first-quarter net profit of $1.8 billion"},"content":{"rendered":"\n<p>(CNBC) UBS reported on Tuesday net income of $1.8 billion for the first quarter of 2021, as it revealed a hit to earnings from the <a href=\"https:\/\/www.cnbc.com\/2021\/03\/29\/the-archegos-blowup-and-its-ripple-effect-across-markets.html\">scandal involving Archegos Capital<\/a>. \u201cOur first quarter results also factored in a loss related to the default by a single US-based prime brokerage client. We are all clearly disappointed and are taking this very seriously,\u201d the Swiss lender said in a statement.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2021\/04\/27\/ubs-earnings-q1-2021.html\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(CNBC) UBS reported on Tuesday net income of $1.8 billion for the first quarter of 2021, as it revealed a hit to earnings from the scandal involving Archegos Capital. \u201cOur first quarter results also factored in a loss related to [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-78021","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/78021","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=78021"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/78021\/revisions"}],"predecessor-version":[{"id":78022,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/78021\/revisions\/78022"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=78021"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=78021"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=78021"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}