BASEL, Switzerland ( TheStreet) -- UBS ( UBS), the Swiss bank, expects to record a modest third-quarter profit despite losing $2.3 billion from a rogue trade last month. In September, when the rogue trading loss was discovered, UBS said it was possible it would record a third-quarter loss. But Tuesday the bank said it expects to record credit gains of about 1.5 billion Swiss francs ($1.6 bilion), and record a profit of 700 million francs from the sale of treasury-related investments in its wealth management and Swiss bank units. UBS also said it expects positive net new money in its wealth management business to be "broadly similar" to the second quarter. The bank reports third-quarter results on Oct. 25. -- Written by Joseph Woelfel >To contact the writer of this article, click here: Joseph Woelfel >To submit a news tip, send an email to: email@example.com.