(Bloomberg) -- UBS AG, Switzerlands biggest bank, posted a second straight quarterly loss after booking a fine for trying to rig global interest rates and costs tied to job cuts.
The net loss amounted to 1.89 billion Swiss francs ($2.08 billion) in the fourth quarter, compared with a 323 million- franc profit a year earlier, the Zurich-based bank said today. Analysts surveyed by Bloomberg on average estimated a loss of 2.16 billion francs.
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