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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.
The historical UBS logo comprises the initials "UBS" horizontally, crossed by vertical "SBG", referring to the name of the bank in German. "UBS" ceased to be considered a representational abbreviation for the Union Bank of Switzerland after the bank's 1998 merger with Swiss Bank Corporation and is today considered a standalone brand.
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]
Indexes”, “DJ”, “UBS”, “Dow Jones-UBS Commodity Indexes”, “DJ-UBSCI” and all other index names listed above are service marks of Dow Jones Trademark Holdings, LLC (“Dow Jones”) and UBS AG (“UBS AG”), as the case may be, and have been licensed for use by CME Indexes.
UBS agreed to buy its embattled rival Credit Suisse for $3.2 billion Sunday, with Swiss regulators playing a key part in the deal as governments looked to stem a contagion threatening the global ...
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 .
According to Bloomberg News, UBS Group AG is likely to report a profit of as much as CHF51 billion ($57 billion) in the second-2023 quarter related to the negative goodwill generated by the acquisition of Credit Suisse. The Swiss subsidiary of Credit Suisse alone is said to be worth "multiple times" what UBS paid for it.
UBS recommends tech, financials, industrials and utilities stocks going into 2025, citing continued AI growth and pro-business policies under Trump. Stocks in these 4 sectors are best positioned ...