UBS Posts Loss On Libor Fine, Reorganization Costs

Published on: Tuesday, February 5, 2013 by Paul Stanbridge

UBS posted a fourth-quarter loss after booking a fine for trying to rig global interest rates and costs tied to job cuts.

Bloomberg reports that the net loss amounted to $2.08bn, compared with a profit of $354.8m a year earlier, UBS said in a statement Tuesday . .