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UBS in talks with clients over FX derivative losses on Trump volatility, sources say

LONDON/ZURICH (Reuters) -UBS is in talks to compensate some clients for losses after they were sold complex foreign-exchange derivatives that wiped out much of their investments when U.S. President Donald Trump's tariffs sparked wild moves in currencies, sources familiar with the matter said. Several hundred customers of the Swiss banking giant are affected, the sources said, some of whom have seen a significant hit to their investments. Among those asking for compensation from UBS for the losses incurred are wealthier retail customers who argue they were sold complex products that they did not understand, the second source said, adding that they were only suitable for sophisticated investors.