观点投资银行

UBS: Archegos blow shows dangers in definitional slippage
Lex专栏:Archegos爆仓突显越线危险

The only consolation is that the Swiss bank could have taken a bigger hit
瑞银主经纪商业务与摩根士丹利不在同一级别,Archegos相关亏损却相去不远,突显业务越线操作风险。

Archegos is a Greek word denoting leadership. The place where the eponymous family office led UBS, and a growing roll call of investment banks, was into a morass. The Swiss group has revealed a surprise $774m hit to operating profits due to an Archegos “trading loss” at its prime brokerage in the first quarter, with another $87m expected this period.

Archegos是希腊语中的一个词,意为“首领”。以它为名的家族理财室把瑞银(UBS)以及越来越多的投资银行带入一片泥潭。瑞银报告称,第一季度,由于其主经纪商业务出现与Archegos相关的“交易亏损”,该行营业利润意外遭受7.74亿美元打击;预计本季度还会有8700万美元相关亏损。

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