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UBS Group AG [nb 1] is a multinational investment bank and financial services company founded and based in Switzerland. UBS is headquartered simultaneously in both Zürich and Basel. [9] UBS maintains a presence in all major financial centres as the largest Swiss banking institution and the largest private bank in the world.
After the acquisition, O'Connor & Associates continued to operate as a subsidiary of Swiss Bank Corporation. In 1998, Swiss Bank Corporation merged with Union Bank of Switzerland to form UBS. [3] As part of the merger, O'Connor & Associates was integrated into UBS's investment banking division. The firm continued to operate as UBS O'Connor. [4]
The agency said UBS teams operating in the U.S. pension market should remain insulated from the convicted UBS and Credit Suisse entities and truste Exclusive-UBS gets fresh US pensions licence ...
The all-stock merger resulted in the creation UBS AG, a huge new bank with total assets of more than US$590 billion. [16] Also referred to as the "New UBS" to distinguish itself from the former Union Bank of Switzerland, the combined bank became the second largest in the world, at that time, behind only the Bank of Tokyo-Mitsubishi. [16]
London markets grapple with takeover as FTSE 100 down 0.7 per cent today
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