UBS has hinted it may look to cut more staff as the global financial crisis continues as the Swiss bank said it would make a small overall profit in the third quarter despite the turmoil in global markets.

The comments follow speculation earlier this week that UBS was preparing to cut a further 1,900 job in its investment banking, equities and fixed income businesses on top of the thousands of staff the bank has already made redundant following a series of multi-billion dollar writedowns.