04 Oct '11, 6am

UBS says it expects to post slight profit for the 3rd quarter, despite losses of $3b from rogue trading

Swiss banking giant UBS said on Tuesday that it expected to post a slight profit for the third quarter, despite rogue trading which lost the bank US$2.3 billion (S$3 billion). -- PHOTO: REUTERS ZURICH (AFP) - Swiss banking giant UBS said on Tuesday that it expected to post a slight profit for the third quarter, despite rogue trading which lost the bank US$2.3 billion (S$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. When the bank first announced the discovery of the massive fraud perpetrated by 31-year-old trader Kweku Adoboli, it warned that it might be forced to report a loss for the three months ending September due to the unauthorised trade. However, the bank said it now expected a small profit even after taking into account...

Full article: http://www.straitstimes.com/BreakingNews/Money/Story/STIS...

Tweets

UBS to post modest Q3 profit

UBS to post modest Q3 profit

channelnewsasia.com 04 Oct '11, 6am

ZURICH: Swiss banking giant UBS said Tuesday that it expected to post a slight profit for the third quarter, despite rogue...

New blog post:

singaporesales.sg 11 Oct '11, 10am

isabellajames: Greetings, Very nice post! It was fun to read with all the details you included.Very pretty, I had not... j...

Please refer to this post to know what

Please refer to this post to know what

lipsyditsy.livejournal.com 03 Oct '11, 4pm

Comment only if you are 100% certain of getting the item NO DRAGGING of payments NO reservation Ibankers preferred! Please...

Please help @pxdkitty read + Like this blogpost...

pxdkitty.blogspot.com 06 Oct '11, 11am

And even if your lomographic cameras don't come along with flash, simply switch it to B (bulb) mode! This way, the camera ...

new post

new post

fashiontoast.com 14 Oct '11, 7pm

Waiting for the heat wave to pass in LA, venturing into it feels like going into battle so I’m here sifting through photos...

[☆New Post☆] Outfit Post: Earth's end [Black Outfit Ideas]

[☆New Post☆] Outfit Post: Earth's end [Black Ou...

monoxious.com 04 Oct '11, 10am

Landed in Christchurch a few days back. It seemed like a mini retreat, with the city centre closed there wasn’t really muc...

pink on a sunday

pink on a sunday

fashiontoast.com 16 Oct '11, 7pm

Lounging around in hot pink, at least indoors I don’t have to worry about blinding innocent people with this thing. Appare...

Our Zouk blog... it's alive again! Yes, we're back from hiatus! Check out our first post on Velvet Underground:

Our Zouk blog... it's alive again! Yes, we're b...

zoukclub.com 04 Oct '11, 6am

You all probably know by now that our beloved Velvet Underground has closed for a month as it undergoes a massive renovati...

SNA - UBS CEO Gruebel resigns over rogue tradin...

Oswald Gruebel, chief executive officer of UBS AG (UBSN) since February 2009, resigned his post at Switzerland’s largest b...

Report: How Smaller Companies Profit From Susta...

environmentalleader.com 10 Oct '11, 2am

re-engineered pizza while developing a profitable restaurant chain and catering company with the expressed goals to reduce...

Forex trading courses | Tan Kin Lian's Blog

tankinlian.blogspot.com 05 Oct '11, 12am

I have received a report that some people have paid several thousand dollars to attend a forex trading course on the expec...

US stocks sink despite jobs data

channelnewsasia.com 07 Oct '11, 9pm

NEW YORK: Wall Street stocks closed in the red Friday after a credit downgrade on Italy and Spain snuffed out a rally on b...

New Post

New Post

stylesuzi.com 15 Oct '11, 4pm

Polka dots is a print you have to wear with caution, only the brave and uber cool looking can do a full head to toe style ...