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UBS to Report 'Small' Third-Quarter Profit
UBS(UBS Quote) said Thursday it expects to report a small profit in the third quarter after it "substantially reduced its U.S. commercial and residential mortgage-related positions, mainly through disposals. "
The Swiss bank, in a statement, also said 2009 will be profitable.
UBS Chairman Peter Kurer plans to give a speech Thursday to company shareholders. The bank plans to release its full third-quarter earnings report on Nov. 4. ...
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