Arab Today, arab today ubs to post \modest\ q3 profit despite loss from rogue trade
Last Updated : GMT 02:18:28
Arab Today, arab today
Arab Today, arab today

UBS to post \'modest\' Q3 profit despite loss from rogue trade

Arab Today, arab today

Arab Today, arab today UBS to post \'modest\' Q3 profit despite loss from rogue trade

Zurich - AFP

Swiss banking giant UBS said Tuesday that it expected to post a slight profit for the third quarter, despite rogue trading which lost the bank $2.3 billion. "UBS expects to report a modest net profit for the group and positive net new money in its wealth management businesses for the third quarter of 2011," the bank said in a statement.  

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