UBS fund holds 30% exposure linked to First Brands
NegativeFinancial Markets

UBS, Switzerland's largest bank, is facing challenges as it holds a significant 30% exposure linked to the bankrupt auto parts maker First Brands. This situation raises concerns about the bank's financial stability and the potential impact on its investors. The bankruptcy of a major player in the auto parts industry could have ripple effects, affecting not just UBS but also the broader market and supply chain.
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