Switzerland's largest bank UBS has reported a profit for the third quarter.
UBS made a profit of 296m Swiss francs ($US256.3 million) for the three months to 30 September, helped by write-ups and a tax credit.
The BBC reports it was UBS's first profit after four quarterly losses in a row.
Last month UBS said it was raising 6 billion Swiss francs from the government and would move $US60 billion of toxic assets to a fund backed by the Swiss central bank.
UBS's investment banking arm reported write-downs and losses of $US4.4 billion during the quarter, bringing the total of such write-downs since the sub-prime crisis started to nearly $US49 billion.
The bank also said its wealth management business had seen outflows of 49.3 billion Swiss francs in the quarter, while its asset management business saw net outflows of 34.4 billion Swiss francs.
UBS is currently undergoing a huge restructuring. Its total number of employees has been reduced by almost 1,900 in the third quarter to 79,565.
