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. Market capitalization: CHF 54.7 billion. Total assets: CHF 1,259 billion (as of December 31, 2012). Net income: CHF 4.23 billion (2011).
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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02.05.2012 UBS reports first quarter 2012 net income of CHF 827 million (approx. €688), compared to CHF 1,807 million in the first quarter 2011 (down 54%).
07.02.2012 UBS reports fourth quarter 2011 net profit of €326 million (CHF 393 million), compared to €1.37 billion in fourth quarter 2010. Full-year 2011 net profit was €3.51 billion (CHF 4.23 billion), a decline of 44% from 2010. More
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
No more queues in front of ATMs - 23.01.2013 Reduced transaction duration is an important issue for customer satisfaction and for efficient use of Banking channels, especially at ATMs. Every measure taken to fasten cash withdrawals, most widespread used ATM transaction, is beneficial to both customers and banks.
Swiss bank Wegelin & Co. to close after US tax evasion fine - 04.01.2013 Switzerland's oldest bank is to close permanently after pleading guilty in a New York court to helping Americans evade their taxes. Wegelin & Co., which was established in 1741, has also agreed to pay $57.8 million in fines to US authorities. Source: BBC
Banks seen shrinking for good as lay-offs near 160,000 - 16.11.2012 Major banks have announced some 160,000 job cuts since early last year and with more lay-offs to come as the industry restructures, many will leave the shrinking sector for good as redundancies outpace new hires by roughly two-to-one. Source: Reuters