UBS AG
Company and Financial Services Company
UBS threatens to move HQ from Switzerland: report...discussions. You are fully responsible for the content that you post. Sunday, November 29, 2009; 6:39 AM GENEVA (Reuters) - Swiss bank UBS <UBSN.VX> is threatening to move its headquarters out of Switzerland if the authorities impose too... In this article: UBS, Switzerland, Swiss National Bank, Credit Suisse, Geneva, London, and UK |
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Yahoo! News | 8 hours ago
UBS threatens to move HQ from Switzerland: report (Reuters)
UBS threatens to move HQ from Switzerland: report Reuters - A traffic sign is seen next to an UBS logo in Zurich August 19, 2009. REUTERS/Christian Hartmann GENEVA (Reuters) - Swiss bank UBS (UBSN.VX) is threatening to move its...
In this article: UBS, Switzerland, Swiss National Bank, Credit Suisse, Geneva, Reuters, and Zurich
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Reuters | 8 hours ago
UBS threatens to move HQ from Switzerland -paper
...company idea * Proposal part of "too big to fail" debate * Foreign subsidiaries would require expensive capital Swiss bank UBS <UBSN.VX> is threatening to move its headquarters out of Switzerland if the authorities impose too many...
In this article: UBS, Switzerland, Swiss National Bank, Credit Suisse, and London
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Miami Herald - 5-minute Herald | 1 day ago
UBS will keep lower profile at Art Basel Miami Beach
...dark'' -- an airline after a crash, or perhaps a company in a high-profile recall, Rubin said, the UBS case isn't one of them. ``UBS can still keep an appropriate level of marketing and PR activity going toward their target audience,'' said...
In this article: Tax, U.S., Champagne, and The Miami Herald
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Connecticut Post | 1 day ago
UBS folds caviar tents at Miami Basel Fair
Updated: 11/27/2009 07:32:35 PM EST The big empty space you're likely to find behind Miami's Delano Hotel is where UBS AG used to pitch carpeted tents and provide about 1,600 clients with two buffet dinners featuring lobster tails, caviar,...
In this article: Cartier, AXA, and Gianni Versace
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Reuters | 3 days ago
UBS, JPMorgan to advise on Japan bank merger
Sumitomo Trust and Banking <8403. T> has hired Daiwa Securities SMBC and UBS AG <UBSN.VX> to advise on its planned merger with Chuo Mitsui Trust Holdings <8309. T>, three people with knowledge of the matter said. Chuo Mitsui hired Nomura...
In this article: Jpmorgan, Nomura Holdings Inc, Japan, and Sumitomo Trust and Banking
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Reuters | 4 days ago
UPDATE 2-MOVES-Goldman Sachs, Citigroup, UBS
He will continue to remain vice-chairman of Citigroup Investment Banking. [ID:nGEE5AO067] UBS <UBSN.VX> David Bain has been appointed head of UBS's Canadian mergers and acquisitions group. He will also become chair of the Canadian...
In this article: UBS, Goldman Sachs, U.S., E mail, Ernst & Young, Royal Bank of Canada, and Bank of America Merrill Lynch
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Prime Newswire | 4 days ago
Napoli Bern Ripka, LLP Investigates Claims Against UBS for Tax Liability on Behalf of Defrauded Clients
...legal penalties. UBS allegedly set up sham shell companies, offshore trusts, and other fraudulent vehicles to funnel cash into Switzerland. UBS banking operations generated $200 million in fees each year providing a strong incentive to...
In this article: Tax, United States, IRS, Bern, NEW YORK, and Switzerland
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National Post | 4 days ago
UBS plans to hire brokers, bankers in Canada after scaling back
Sean B. Pasternak and Doug Alexander, Bloomberg Published: Wednesday, November 25, 2009 UBS AG plans to hire more than a dozen sales and trading staff to bolster its equities business in Canada over the next two years after receiving a...
In this article: Canada, Toronto, Kinross Gold Corp., Royal Bank of Canada, Bank of Montreal, and Goldman Sachs Group Inc.
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Reuters | 5 days ago
UPDATE 1-UBS rebuffs S&P capital ratio report
...S&P report doesn't reflect bank's capital *Shares close 2 pct lower (Adds details from statement, background) UBS <UBSN.VX> <UBS.N>, Switzerland's largest bank by assets, rebuffed a report by ratings agency Standard & Poor's that...
In this article: Standard & Poor's, UBS, and Switzerland
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Reuters | 6 days ago
UPDATE 2-Citi, UBS rank low in S&P new capital ratio study
* S&P says avg bank risk-adjusted capital ratio 6.7 pct * S&P pegs Citi RAC at 2.1 pct, UBS at 2.2 pct * Mizuho ranked lowest at 2 pct * HSBC tops ranking with 9.2 pct; Goldman on 8.3 pct * Says capital shortage remains a weakness...
In this article: Standard & Poor's, UBS, Mizuho Financial Group, HSBC, Citigroup, Balance sheet, Standard Chartered, Barclays, BBVA, and Toronto-Dominion Bank
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Description from Wikipedia:
UBS AG (NYSE: UBS; SWX: UBSN; TYO: 8657) is a diversified global financial services company, with its main headquarters in Basel & Zürich, Switzerland. It is the world's largest manager of private wealth assets, "the world's biggest manager of other people's money" and is also the second-largest bank in Europe, by both market capitalisation and profitability. UBS has a major presence in the U.S., with its American headquarters located in New York City's Manhattan borough, (Investment Banking); Weehawken, New Jersey (Private Wealth); and Stamford, Connecticut (Capital Markets). UBS's retail offices are located throughout the United States, and in over 50 other countries. UBS is an abbreviation, which originated from a predecessor firm, the Union Bank of Switzerland, however UBS ceased to be considered a representational abbreviation after its 1998 merger with Swiss Bank Corporation.
UBS's global business groups are Private Banking, Investment Banking, and Asset Management. Additionally, UBS is one of the leading providers of retail banking and commercial banking services in Switzerland. Overall invested assets are 3.265 trillion Swiss francs (CHF), shareholders' equity is 47.850 billion CHF and market capitalization is 151.203 billion CHF by end of 2Q 2007.
The AG in the company's name means Aktiengesellschaft, which is the equivalent to a shareholder-based corporation in the USA.
In some ways, UBS has evolved on a similar path to its cross-town rival Credit Suisse. Both are Swiss commercial and retail banks which bought major US investment banks (and in the case of UBS, a leading retail stock broker, PaineWebber).
- Name:
- UBS AG
- Type:
- Public (NYSE: UBS; [[SWX Swiss Exchange
- Location:
- Basel & Zürich, Switzerland
- Founded:
- 1998 merger of the Union Bank of Switzerland and the Swiss Bank Corporation
- Stock Symbol:
- UBS
- Industry:
- Finance
- Key People:
-
- Peter Kurer, Chairman
- Marco Suter, Vice Chairman
- Marcel Rohner, CEO
- Products:
- Financial services
- Operating Income:
- 3,952 million CHF (1Q 2008) (about 3,838 million USD)
- Net Income:
- 11,535 million CHF (1Q 2008) (about 11,203 million USD)
- No. of Employees:
- 81,577 (as end of 2Q 2007)
- Motto:
- You & Us.
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