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UBS expects modest profits despite trading loss

UBS said it expects to report a “modest net profit” for the third quarter of the year despite suffering a $2.3 billion (€1.7 billion) loss in September for unauthorised trading.

UBS said it expects to report a “modest net profit” for the third quarter of the year despite suffering a $2.3 billion (€1.7 billion) loss in September for unauthorised trading.

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