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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 .
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.
Toggle Swiss branches of international banks subsection. 5.1 ... UBS Group AG (including Credit ... From 2008 to 2017 there was a reduction in the number of foreign ...
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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.
After the acquisition, O'Connor & Associates continued to operate as a subsidiary of Swiss Bank Corporation. In 1998, Swiss Bank Corporation merged with Union Bank of Switzerland to form UBS. [3] As part of the merger, O'Connor & Associates was integrated into UBS's investment banking division. The firm continued to operate as UBS O'Connor. [4]
[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 ]
In 2020, Partners Group was awarded Firm of the Year in Switzerland for the fourth consecutive year (previously 2017, 2018 and 2019) by Private Equity International. [45] Partners Group entered into a major cooperation with UBS in the form of a new private markets solution for its wealth management clients, targeting an annual investment ...