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UBS shares fell in Zurich trading after a sovereign wealth fund controlled by the Singapore government, said it's planning to sell around half of its stake in the Swiss bank.
Credit Suisse had set aside enough money to deal with the lawsuit in the first quarter.
Investors narrowly ratified the bank's executive compensation report at the firm's annual meeting in Zurich.
UBS posted a much stronger than expected set of first quarter earnings Friday as net profit more than doubled and client inflows to its private bank increased.