UBS In The Black For Q3 Despite Rogue

In what comes as a relief to UBS investors, the Swiss bank announced that it will report a 'modest net profit' for the third quarter of 2011 even as the bank records a $2.3 billion loss in relation to the unauthorized trading incident discovered last month in London.

Source: http://www.forbes.com/sites/greatspeculations/2011/10/07/ubs-in-the-black-for-q3-profit-despite-rogue/

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