UBS swings to fourth quarter, full-year net loss after Libor fine, revamp

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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 (951.8 million pounds) 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 (11 pence) 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.

(Reporting By Katharina Bart)

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