ZURICH - UBS AG, Europe's second-biggest bank, said it will list shares in New York as it weighs U.S. acquisitions.The Swiss bank, also the world's biggest money manager, may want a U.S. purchase to get back on track after profits from private banking dropped 42% in the third quarter, analysts said. UBS shares have fallen this year, while competitors' stocks rose.

"They have many things on their radar screen," said Heinrich-Horst Wiemer, an analyst at Bank Sal. Oppenheim Jr. & Cie. An investment-banking acquisition "would make sense" after UBS said at a meeting with investors that asset managers are too expensive, he said.

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