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UBS shares fall as legal costs threaten profit

Associated Press
UBS shares fall as legal costs threaten profit

FILE - The March 19, 2012 file photo shows the logo of Swiss bank UBS in Zurich, Switzerland. UBS AG posted a profitable third-quarter Tuesday, Oct. 29, 2013, reversing last year’s fortunes but cautioning its profit goals may be delayed due to legal risks. Switzerland’s biggest bank said it had a third-quarter profit of 577 million Swiss francs (US dollar 644 million), in a dramatic turnaround from the US dollar 2.1 billion francs loss it had in the comparable period a year ago. (AP Photo/Keystone, Steffen Schmidt, File)

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