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UBS Institutional Reporting as of: end of 2023[3][4] UBS Group AG[nb 1]is a multinational investment bankand financial servicescompany founded and based in Switzerland. Headquartered simultaneously in Zürichand Basel,[9]it maintains a presence in all major financial centres as the largest Swiss banking institutionand the largest private bankin ...
Zürich, Switzerland. Total assets. CHF416 billion (1996) [1] Number of employees. 29,100 (1996) [1] Union Bank of Switzerland (UBS) [a] was a Swiss investment bank and financial services company located in Switzerland. The bank, which at the time was the second largest bank in Switzerland, merged with Swiss Bank Corporation in 1998 to become UBS.
Headquarters. Basel, Switzerland. Swiss Bank Corporation (French: Société de banque suisse; German: Schweizerischer Bankverein) was a Swiss investment bank and financial services company located in Switzerland. Prior to its merger, the bank was the third largest in Switzerland, with over CHF 300 billion of assets and CHF 11.7 billion of equity.
Steve Kroft, host of Banking: A Crack In the Swiss Vault In November 2013, the Zürcher Kantonalbank was classified as a systemically important bank in Switzerland by order of the Swiss National Bank (SNB), alongside UBS, Credit Suisse, Raiffeisen (Switzerland) and PostFinance, and must meet stricter capital requirements and prepare contingency plans for times of crisis. In another step toward ...
UBS expects to shed around 3,000 jobs in Switzerland to help it cut $10 billion in costs as it undertakes a sweeping overhaul following its emergency rescue of Credit Suisse earlier this year.
Contact us; Contribute Help; ... UBS Group AG (including Credit ... From 2008 to 2017 there was a reduction in the number of foreign banks in Switzerland [3]
Sergio Ermotti. Sergio Pietro Ermotti (born 11 May 1960) is a Swiss manager and investment banker. [ 1 ] In April 2021, Ermotti was elected chairman of Swiss Re, one of the world's largest reinsurance companies, succeeding Walter Kielholz. He was the chief executive officer (CEO) of UBS Group AG from November 2011 to October 2020 and regained ...
The bank acquired Bank Leu, known as Switzerland's oldest bank, in 1990. [40] [41] In 1993 Credit Suisse outbid UBS for a controlling stake in Switzerland's fifth largest bank, Swiss Volksbank in a $1.1 billion deal. [42]