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UBS posts quarterly loss on fines, job cut costs | IOL Business Report

www.iol.co.za
Elena Logutenkova Zurich. Switzerland's biggest bank, UBS, posted a fourth-quarter loss yesterday after a fine for rigging global interest rates and costs tied to job cuts. The net loss amounted to Sf1.89 billion (R18.5bn), compared with a profit of Sf323 million a year earlier, the Zurich-based bank said.
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