UBS falls after BofA CEO's gloomy investment banking view

By Reuters News

** Shares in Swiss lender UBS UBSG.S fall 4.3% to the bottom of Switzerland's blue-chip index .SSMI and are on track for their worst day since February if the losses persist

** Bank of America BAC.N CEO Brian Moynihan's downbeat comments on investment banking are dragging on the sector, Oddo BHF analyst Roland Pfaender says

** Moynihan expects BofA's investment banking fees to drop by at least 10% in Q3; BofA shares slid over 5% on Monday following his comments

** "UBS is one of the big players in investment banking, also in the U.S., so they are more exposed than maybe others," Pfaender says

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