Search results
Results From The WOW.Com Content Network
In 1997, prior to its merger with Swiss Bank Corporation, UBS operated 275 branches in Switzerland and 82 branches, subsidiaries and representative offices outside Switzerland. The company had approximately 27,611 employees, of which 19,355 worked in Switzerland and the remaining 8,256 employees were outside Switzerland.
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 Group AG (including Credit ... From 2008 to 2017 there was a reduction in the number of foreign banks in Switzerland [3] ... Las Vegas, Zurich Branch; Goldman ...
Bank Hofmann AG merged Clariden; Bank Leu Ltd merged Clariden; Bank von Ernst & Cie AG merged Coutts & Co. Banque Edouard Constant merged EFG Privatebank SA; Ferrier Lullin et Cie SA merged UBS; Schweizerische Volksbank (SVB) bought (Credit Suisse Group) Swiss Bank Corporation (SBE/SBS) merged; Union Bank of Switzerland (UBS/SBG) merged ...
The all-stock merger resulted in the creation UBS AG, a huge new bank with total assets of more than US$590 billion. [39] Also referred to as the "New UBS" to distinguish itself from the former Union Bank of Switzerland, the combined bank became the second largest in the world, at that time, behind only the Bank of Tokyo-Mitsubishi. [39]
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.
Together the cantonal banks account for about 30% of the banking sector in Switzerland, with a network of over 800 branches and 16 000 employees in Switzerland. In 2014 consolidated total assets of all cantonal banks accounted around 500 bln CHF, which is comparable with those of one the "Big Banks", UBS and Credit Suisse. [97]
Get AOL Mail for FREE! Manage your email like never before with travel, photo & document views. Personalize your inbox with themes & tabs. You've Got Mail!