09:38 AM EDT, 05/19/2025 (MT Newswires) -- (Updates to include a statement from a UBS spokesperson in the last paragraph.)

UBS (UBS) is discussing compensation for some clients after losses in complex foreign-exchange derivatives due to price swings caused by US President Donald Trump's tariffs, Reuters reported Friday, citing sources familiar with the matter.

The wild moves in currencies affected several hundred customers, including clients in Switzerland, who lost hundreds of millions of francs, the report said.

"The vast majority of our clients hold diversified investment portfolios and have done relatively well in this volatile time," UBS said in a statement, according to the report.

A spokesperson for UBS told MT Newswires that "extreme volatility in the markets of the last few weeks has impacted certain investments" and that the company is analyzing its "potential unexpected effects" with clients.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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