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UBS Shares Are Tanking

Joe WeisenthalOct 29, 2013, 14:39 IST

The global banking sector continues to feel the fallout of the financial crisis.

Earlier we posted a story on Deutsche Bank's horrible earnings, which were the result of legal fees and an investment banking slowdown.

Also getting hit: Swiss bank UBS.

Shares are down over 5%.

Via Bloomberg:

Bloomberg

The company announced that there was a probe into its foreign exchange practices, and it also said earnings were being dragged down by litigation.