July 29 (Reuters) - UBS (UBSG.S) , opens new tab has ordered bankers to scale back sales of complex currency derivatives after its clients suffered heavy losses due to U.S. President Donald Trump's "Liberation day" tariff announcements, the Financial Times reported on Tuesday.

Reuters could not immediately verify the report.

Sign up here.

UBS did not immediately respond to a request for comment.

https://www.reuters.com/business/ubs-orders-bankers-scale-back-sale-complex-currency-products-ft-reports-2025-07-29/