UBS reports a fourth quarter loss of CHF 8.1 billion and announces structural changes
Fourth quarter results
UBS reports a fourth quarter loss of CHF 8.1 billion; excluding certain substantial items, adjusted net operating results (pre-tax) were negative CHF 2.8 billion. Year-end tier 1 capital ratio of 11.5%.
Preparing UBS for the new market environment
UBS announced today structural changes to adjust to new market conditions and the changing environment.