LONDON (Reuters) – UBS’s riches administration company usually assist it jump back from a $ 1.5 billion hip-hop for rigging interest rates, 1 of its biggest investors mentioned, though worries of costly civil lawsuits may cast a pall over its shares for several time. Paras Anand, European equities head at Fidelity Worldwide Investment, mentioned legal action sparked by the Libor scandal posed an unpredictable danger to the bank’s near-term earnings, whether or not its core private banking franchise escaped lasting damage. “The big unknown element is the civil litigation which might follow about because a outcome of the… …
Earnings News Headlines – Yahoo! News
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