UBS eyes modest third quarter profit after rogue trading scandal

Reuters

ZURICH (Reuters) - Embattled Swiss bank UBS <UBSN.VX> 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.

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"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)