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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. This merger formed what was then the largest bank in Europe and the second largest bank in the world.
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.
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.
A year after the failure of Credit Suisse, the Swiss government says UBS may have to find as much as $27 billion to absorb potential losses. Now, the giant Swiss lender is hitting back, saying its ...
Barclays Bank (Suisse) SA, Geneva; Barclays Capital, Zurich Branch of Barclays Bank PLC, London; HSBC Private Bank (Suisse) SA, Geneva; IG Bank S.A., Geneva; Lloyds Bank plc, Londres, succursale de Genève, Geneva *Standard Chartered Bank (Switzerland) SA (No offices anymore in Switzerland)
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.
ZURICH (Reuters) -A top Swiss court on Wednesday acquitted Credit Suisse, now part of UBS, of failing to prevent money laundering by a Bulgarian cocaine trafficking gang, overturning a 2022 ...
[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] It also merged with Winterthur Group in 1997 for about $9 billion [ 43 ] and acquired the asset management division of Warburg, Pincus & Co. in 1999 for $650 million. [ 44 ]