icon-avatar
Global

UBS swings to Q4, full-year net loss after Libor fine, revamp

    UBS
    141,10-0,42%
    ZURICH (Reuters) - 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 (UBSN.CH)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)

    Relacionados

    WhatsAppFacebookFacebookTwitterTwitterLinkedinLinkedinBeloudBeloudBluesky