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The merger resulted in the creation of UBS AG, a new bank with total assets of more than US$590 billion (~$1.04 trillion in 2023), the largest of its kind. [118] During the merger, UBS chairman Marcel Ospel originally wanted to call the company "United Bank of Switzerland", but settled on simply using "UBS" following the acquisition of American ...
In 2020, Wells Fargo sold $100 million in assets to stay under the limit. [154] In December 2022, the bank agreed to a settlement with the CFPB of $3.7 billion over abuses tied to the fake account scandal as well as mortgages and auto loans. The total was split between $1.7 billion for a civil penalty and $2 billion for customers. [155]
In 2006, India contained the largest number of people living below the World Bank's international poverty line of US$1.25 per day. [342] The proportion decreased from 60% in 1981 to 42% in 2005. [ 343 ]
Thus if three people jointly own a $750,000 account, the entire account balance is insured because each depositor's $250,000 share of the account is insured. The owner of a revocable trust account is generally insured up to $250,000 for each unique beneficiary (subject to special rules if there are more than five of them).
In 2003, Bunge Limited acquired the Dalda brand from Hindustan Unilever Limited for reportedly under Rs 1 billion. [36] On 30 March 2004, Unilever Pakistan accepted an offer of Rs. 1.33 billion for the sale of its Dalda brand and related business of edible oils and fats to the newly incorporated company Dalda Foods (Pvt.) Limited. [37]
Eventually, they changed the name to Google; the name of the search engine was a misspelling of the word googol, [23] [40] [41] a very large number written 10 100 (1 followed by 100 zeros), picked to signify that the search engine was intended to provide large quantities of information.
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