The Switzerland’s leading bank, UBS AG (USA) (NYSE:UBS)’s shares plunged in premarket trading on Tuesday after it announced a Q4 loss after booking a fine for annoying to dress worldwide interest rates and expenses tied to layoffs.

The Zurich-based bank declared in a statement that the net loss amounted to 1.89B Swiss francs ($2.08 billion), in contrast with a profit of 323M francs a year before. That evaluates with the 2.16B franc mean loss anticipates of 12 analysts surveyed by Bloomberg.

CEO Sergio Ermotti is eliminating 10,000 employees over three years and leaving most debt-trading businesses to emphasis on money management and increase return on equity, an amount of profitability, to as a minimum 15% in 2015. Ermotti and Chairman Axel Weber reported today that risks surrounding Europe’s sovereign-debt crisis plus worldwide economic growth remain a worry.

A London-based analyst at Mediobanca SpA, Christopher Wheeler stated that the big plus is deleveraging. That’s working really well. On the deleterious side, there will be lowers on the earnings for the reason that of wealth management numbers.

UBS reported that it plans a dividend of 15 centimes per share, increased from 10 centimes in the earlier year.

While the Pretax profit in wealth management dropped 13% to 398M francs in the Q4 on higher expenses, even though wealth management Americas saw earnings surge 38% to 201 M francs. The units added 10.5B francs in net new money in the quarter, in contrast with 12.3B francs in the earlier quarter.

The bank stated in October that more than half of the declared job reduces will be at the investment bank. The restructuring at UBS will result in charges of 3.3Bbfrancs over the coming quarter, including around 500M francs in the Q4.

While the UBS’s bonus pool, comprising pay that is being deferred into future years, was reduce 7% to 2.5B francs in 2012, according to the bank said.