UBS to escape red ink by a hair in Q3 despite rogue trader

, Comments 0 comments ZURICH, SWITZERLAND - UBS, Switzerland’s largest bank, expects to turn a profit during the third quarter of 2011 despite the 2.3 billion loss due to a rogue trader now under arrest. The bank says in a statement issued Tuesday 4 October that it expects to announce a “modest profit” 25 October. “UBSs capital position remains [...]

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