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UBS Group AG [nb 1] is a multinational investment bank and financial services company founded and based in Switzerland.Headquartered simultaneously in Zürich and Basel, [9] it maintains a presence in all major financial centres as the largest Swiss banking institution and the largest private bank in the world.
UBS also entered the life insurance business in 1993 establishing UBS Life. UBS formed a joint venture with Swiss Life in 1995, known as UBS Swiss Life. UBS took a 25% ownership position in Swiss Life in exchange for a 50% share in the joint venture. [5] UBS entered the 1990s clearly the largest and most conservative of the three large Swiss Banks.
Then, in November, UBS announced that it had chosen Murex’s software to replace a large part of its fixed income platform technology, including the booking of trades, valuation and risk management. [8] In the Truffle 100 rankings for 2016, Murex became the third largest French software publisher with an announced turnover of 460 million euros ...
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UBS Group AG (NYSE:UBS) shares are trading higher after the bank disclosed that it would split its top wealth management role to streamline its executive board. UBS announced several changes to ...
On May 23, 2008, the Swiss Federal Banking Commission (EBK, the predecessor to FINMA) opened an investigation into UBS's role in facilitating tax evasion by its US clients. The EBK concluded, among other things, that UBS's “top management” was not aware of the bank's US clients’ fraudulent conduct, and were not “accessories or ...