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UBS shares plunged Wednesday following a report that the Swiss bank faces a widening probe by the US Department of Justice ... Trading resumed later and shares closed 2.9% lower. ... USA TODAY Sports.
Credit Suisse collapsed in March 2023 after a series of scandals and setbacks, and was taken over by UBS. UBS welcomed the ruling, noting that the case was a legacy matter relating to Credit Suisse.
Art Cashin, a renowned market pundit and the UBS director of floor operations at the New York Stock Exchange, has died at the age of 83, UBS said. Cashin, once dubbed "Wall Street's version of ...
UBS Group AG [nb 1] is a ... and had profited considerably from its close railroad connections and large warehousing ... As it exists today, UBS represents a ...
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 combined UBS logo incorporated UBS's name with SBC's "three keys" symbol. On December 8, 1997, Union Bank of Switzerland and SBC announced an all-stock merger. At the time of the merger, Union Bank of Switzerland and Swiss Bank Corporation were the second and third largest banks in Switzerland, respectively, both trailing Credit Suisse . [ 37 ]
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PaineWebber became a visible presence on Sixth Avenue. At the time, the illuminated name on the building (today UBS) was unique among investment banks, and the building hosted a ground floor gallery of art exhibitions. [8] In 1986, the firm opened a new technology and transaction processing operation at Lincoln Harbor in New Jersey. [9]
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