Feb. 10 (Bloomberg) -- UBS AG, Switzerland’s largest bank, reported a fourth-quarter loss of 8.1 billion Swiss francs ($6.9 billion) on trading losses and leveraged loan impairments, and said it plans to cut more investment banking jobs this year.
The net loss compares with a deficit of 13 billion francs in the year-earlier period, Zurich-based UBS said in a statement today. The loss was wider than the 7.5 billion-franc median estimate of 11 analysts surveyed by Bloomberg. For the full-year, UBS recorded a record loss of 19.7 billion francs. more...
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