UBS (UBS): Q4 net loss 1.89B Swiss francs ($2.08B) vs net profit of 323M francs last year and...

|About: UBS Group AG (UBS)|By:, SA News Editor
UBS (UBS): Q4 net loss 1.89B Swiss francs ($2.08B) vs net profit of 323M francs last year and consensus for loss of 2.16B francs. Loss is due to a $1.5B penalty for manipulating inter-bank interest rates and because of charges from a restructuring plan in which it is laying off 10,000 staff. Ups dividend to 15 centimes a share from 10 centimes last year. (PR)