UBS Eyes Modest Third Quarter Orofit After Rogue Trading Scandal
Embattled Swiss bank UBS said on Tuesday it expects to report a modest net profit for the third quarter after a rogue trading scandal.
It also said it expected net new money in its wealth management business should be broadly similar to the second quarter.
UBS expects to report a modest net profit attributable to shareholders for the third quarter of 2011, it said in a statement.
(Reporting by Caroline Copley)
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