• Rate this Story
  • 0
  • 0

February 5, 2013 5:00 PM EST

UBS said it swung to a big fourth-quarter and full-year net loss due to a $1.5 billion fine for rigging benchmark interest rates and charges from a restructuring plan to shed 10,000 staff.

Switzerland's largest bank said it will still pay shareholders 0.15 Swiss francs ($0.17) for 2012, following a symbolic, 0.10 francs per share for 2011, its first post-crisis dividend.

UBS's 1.89 billion franc net loss for the fourth quarter compares with a 2.078 billion franc net loss forecasts by analysts in a Reuters poll.

($1 = 0.9086 Swiss francs)

(Reporting By Katharina Bart)

  • Rate this Story
  • 0
  • 0
Copyright 2012 Thomson Reuters. All rights reserved.

Join the Conversation

IBTimes TV

E-Newsletters

We value your privacy. Your email address will not be shared.