UBS expects to report small third-quarter profit

Discussion in 'Stocks' started by ASusilovic, Oct 2, 2008.

  1. UBS said Thursday that it expects to report a small profit in the third quarter. The bank also said that it has substantially reduced its U.S. commercial and residential mortgage-related positions, mainly through disposals. UBS has developed a remediation plan to address issues highlighted by the credit crisis and said it has has made substantial progress. 2009 is expected to be profitable overall, it added.{037C3B1D-521F-40D9-B371-F9C3A1C1C009}

    WOW ! Profit from a bank ? :D :D :D
  2. And next thing you know they need a bailout organized by the Swiss government :cool:
  3. Daal


    UBS balance sheet is bigger than the swiss economy!