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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.
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 ...
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 ...
The former Swiss Bank Tower off of Fifth Avenue in New York City opened in 1990. [16] Swiss Bank began the 1990s as the weakest of the "Big Three" Swiss banks but by the end of 1997 would be the driving force behind the merger with Union Bank of Switzerland. SBC had been impacted by losses on its real estate investments and a series of minor ...
Dr. Rudolf Ernst (6 September 1865 – 15 March 1956) of Winterthur was a Swiss Industrial, Insurance, Banking Pioneer and founding father of UBS (formerly Union Bank of Switzerland). [1] He was also the first CEO and Chairman of the Board of Directors of the Union Bank of Switzerland, now UBS. Following his retirement, at age 77, he was ...
Website. credit-suisse.com. 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.
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 ...
The World Jewish Congress lawsuit against Swiss banks was launched in 1995 to retrieve deposits made into the three largest Swiss banks (UBS, Credit Suisse and Swiss Bank Corporation) by victims of Nazi persecution during and prior to World War II. WJC negotiations were initiated with the Government of Switzerland and Swiss banks, and later ...