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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.
The combined UBS logo incorporated UBS's name with SBC's "three keys" symbol. On December 8, 1997, Union Bank of Switzerland and SBC announced an all-stock merger. At the time of the merger, Union Bank of Switzerland and Swiss Bank Corporation were the second and third largest banks in Switzerland, respectively, both trailing Credit Suisse. [37]
12 June 2023. On 19 March 2023, Swiss bank UBS Group AG agreed to buy Credit Suisse for CHF 3 billion (US$ 3.2 billion) in an all-stock deal brokered by the government of Switzerland and the Swiss Financial Market Supervisory Authority. [ 1 ][ 2 ][ 3 ] The Swiss National Bank supported the deal by providing more than CHF 100 billion (US$104 ...
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 ...
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 ...
2. Marcel Rohner (born 4 September 1964) [1] is a Swiss businessman and banker. Rohner was group chief executive officer (Group CEO) at UBS AG from 6 July 2007 until 26 February 2009, and on the group executive board from October 2007 until his resignation. [2] Since 2016, he serves as vice president of Union Bancaire Privée, and since 2021 as ...
Credit Suisse Group AG (French pronunciation: [kʁe.di sɥis], lit. ' Swiss Credit ') is a global investment bank and financial services firm founded and based in Switzerland as a standalone firm but now a subsidiary of UBS.