The logo of Swiss bank UBS is seen on a building at Paradeplatz square in Zurich December 17, 2012. REUTERS/Michael Buholzer
UBS swings to Q4, full-year net loss after Libor fine, revamp
Posted : Tuesday, 05 February 2013 12:56AM
ZURICH (Reuters) - UBS <UBSN.VX> 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. <ID: nL5N0B0GJO>
($1 = 0.9086 Swiss francs)
(Reporting By Katharina Bart)
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