UBS profit may trail US peers on litigation reserves

UBS Group AG may this week report earnings that trailed US peers as litigation charges continue to weigh on Europe’s lenders and their retreat from debt trading limits the boost from higher interest rates.

Switzerland’s largest bank will probably report a 21 per cent increase in pretax profit in the fourth quarter to 282 million francs ($282 million), according to George Karamanos, a London-based analyst at Keefe, Bruyette & Woods. That compares with a 64 per cent average gain reported this month by five Wall Street peers.....

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