UBS Libor Fine Brings 2012 European Bank Levies to $6.1 Billion

UBS Libor Fine Brings 2012 European Bank Levies to $6.1 Billion

Jason Alden/Bloomberg

UBS, which on Nov. 26 was fined 29.7 million pounds by the U.K. following an unauthorized-trading loss of $2.3 billion last year, said today it expects a fourth-quarter net loss of as much as 2.5 billion francs.