Here's your summary from UBS Offers to Pay 90% on Funds Hit by Greensill Collapse (https://www.youtube.com/watch?v=wcVl8-xPFRU) on the Bloomberg Television channel:
**TLDR:** UBS is offering to pay 90% on funds affected by the Greensill collapse, taking a $900 million hit in profits and facing ongoing legal claims.
1. UBS is paying 90% to investors affected by the Greensill collapse, aiming to resolve the issue and manage reputational risk.
2. The provision for this payout will impact second quarter profits by $900 million.
3. Despite the payout, there are still ongoing legal claims and the issue will continue to pose a risk for UBS.
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