UBS AG is a diversified global financial services company. It is the world's second largest manager of private wealth assets. UBS operates in all of the major financial centers worldwide with offices in over 50 countries. UBS's global business groups are private banking, investment banking, and asset management. Total assets: US$ 1.409 trillion (as of December 31, 2010). Net income: US$ 8.063 billion (for 2010).
UBS is one of the leading providers of retail banking and commercial banking services in Switzerland. UBS has a major presence in the U.S., with its American headquarters located in New York City (Investment banking); Weehawken, New Jersey (Private Wealth Management); and Stamford, Connecticut (Sales & Trading). UBS has more than 64500 employees worldwide.
Union Bank of Switzerland and Swiss Bank Corporation merged in 1998.
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UBS :: Press Releases
19.09.2011 UBS has discovered a loss due to unauthorized trading by a trader in its Investment Bank. The loss arising from this matter is USD 2.3 billion. More
28.04.2011 UBS reports first quarter 2011 net profit of CHF 1.8 billion (approx. US$ 2.05 billion), compared to CHF 2.2 billion in the first quarter 2010.
27.07.2010 UBS reports a second quarter net profit attributable to UBS shareholders of CHF 2,005 million compared with CHF 2,202 million in first quarter 2010. More
13.05.2009 The company published 1Q 2009 results. First quarter net loss attributable to UBS shareholders of CHF 1,975 million. Losses driven primarily by risk positions in businesses now exited or in the process of being exited by the Investment Bank. More
Financial News
Three Swiss bankers indicted by U.S. in tax crackdown - 09.01.2012 U.S. authorities are moving toward taking legal action against Wegelin & Co., which could lead to an indictment of one of Switzerland's last pure private banks, on charges that it enabled wealthy Americans to evade taxes, according to two persons with knowledge of the case. Source: Reuters
Islamic finance assets to hit US$ 1.1 trillion in 2012 - 22.11.2011 Islamic finance assets around the world are expected to climb 33% from their 2010 levels to $1.1 trillion by the end of 2012, boosted by the aftermath of the Arab Spring uprisings and dissatisfaction with conventional finance in the wake of the global debt crisis, consultants Ernst & Young said in a report on Tuesday. Source: Reuters
Spanish bank ratings downgraded by Fitch and S&P - 12.10.2011 Two leading credit rating agencies have downgraded some of Spain's largest banks, citing a deteriorating outlook for the Spanish economy. Source: BBC News
Spotlight on Islamic Retail Banking – strategies for fast growing industry - 07.10.2011 Islamic Banking is young but fast growing industry what brings challenges as need for standardization, expanding at the market (now < 1% population is banking Islamic Banks), lack of public awareness about Islamic Banking (misinterpretation) and limited resources of qualified people in this particular industry. Source: Fleming Gulf
JBIC inks $43bn credit line pact with Japan banks - 05.10.2011 The Japan Bank for International Cooperation (JBIC) said Wednesday that it has signed separate pacts with three major Japanese banks to give them a combined $43 billion, or Y3.3 trillion, credit line, as part of the government's steps to encourage companies to go ahead with M&As overseas. Source: Nikkei
U.S. banks begin charging monthly debit-card fees - 01.10.2011 Get ready for a new wave of bank fees. Bank of America will begin charging a $5 monthly fee at the beginning of next year for customers who make debit card purchases. Source: CNNMoney
UBS AG is a diversified global financial services company. It is the world's second largest manager of private wealth assets. UBS operates in all of the major financial centers worldwide with offices in over 50 countries. UBS's global business groups are private banking, investment banking, and asset management. Total assets: US$ 1.409 trillion (as of December 31, 2010). Net income: US$ 8.063 billion (for 2010).
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