UBS AG Bank Overview and Financial Performance

UBS AG Bank is one of the largest and most respected financial institutions in the world, with a rich history dating back to 1862.

Founded in Switzerland, the bank has grown into a global powerhouse with operations in over 50 countries.

With over 60,000 employees worldwide, UBS AG Bank is a significant employer and a major player in the financial industry.

UBS AG Bank's financial performance is impressive, with assets under management exceeding $3 trillion.

Take a look at this: Ubs Financial Results

UBS AG was formed in 1998 when the original UBS merged with Swiss Bank Corporation (SBC) to create a new entity. This merger marked a significant shift in the company's history.

The modern-day UBS employs over 80,000 people in more than 50 countries. This global presence is a result of the company's expansion efforts over the years.

In 2009, the U.S. Internal Revenue Service lodged a request to UBS' Swiss counterpart for data on over 4,000 UBS clients. This led to a settlement with the IRS, where UBS paid $780 million to resolve a criminal tax probe.

Broaden your view: Ubs Mini B

In 1912, Union Bank of Switzerland was formed by the merger of two Swiss regional banks.

The modern-day UBS was formed in 1998 when the original UBS merged with Swiss Bank Corporation (SBC) to form UBS AG.

Today, UBS employs more than 80,000 people in over 50 countries.

The company has a long history of growth and expansion, but it's also faced its fair share of challenges.

Switzerland's Early History was marked by the presence of various tribes, including the Helvetii and the Raetii. These tribes had a significant impact on the region's culture and development.

The Helvetii tribe was known for their skill in metalwork and trade. They were also skilled warriors.

The Romans invaded the region in 58 BC, led by Julius Caesar. They brought with them their language, culture, and governance.

The Helvetii tribe was eventually absorbed into the Roman Empire. The region became a Roman province, known as Raetia.

The Roman occupation had a lasting impact on Switzerland's language, culture, and politics. It also laid the groundwork for the country's future economic development.

The Roman influence can still be seen in Switzerland's architecture, art, and language.

In the early 1990s, UBS AG faced a period of weakening due to increased competition and changing market conditions.

The bank's net interest income declined by 10% between 1990 and 1992.

During this time, UBS AG also struggled with a significant increase in non-performing loans.

The bank's assets under management dropped by 15% between 1990 and 1995.

UBS AG's efforts to expand into new markets and products were hindered by a series of bad investments and poor management decisions.

The bank's stock price plummeted, losing 40% of its value between 1990 and 1997.

Related reading: Ubs Ag Headquarters

UBS Group AG is a multinational investment bank and financial services company headquartered in Switzerland. It was founded in 1862.

The company operates through five divisions: Global Wealth Management, Personal & Corporate Banking, Asset Management, Investment Bank, and Non-core and Legacy. UBS Group AG provides financial advice and solutions to private, institutional, and corporate clients worldwide.

The company offers a wide range of products and services, including investment advice, estate and wealth planning, investing, corporate and banking, and investment management. It also provides personal banking products and services, such as deposits, credit and debit cards, and online and mobile banking.

Here are some of the group companies under UBS Group AG:

In the 1980s, UBS made a significant push to internationalize its operations. UBS began losing international business due to its relatively unsophisticated operations and reached the limits of expansion in the domestic banking arena.

Under the leadership of Robert Holzach and Nikolaus Senn, UBS made a fresh assault on the Eurobond market to become a leading European underwriter. This move surprised Eurobond underwriters with major bond issues worth $850 million for major companies like Nestlé, Rockwell, IBM, and Mobil.

The low yields on these bond issues were meant to attract corporate customers, but left competing underwriters astonished by UBS's aggressiveness and high prices. A rival bank attributed UBS's approach to the influence of Swiss army officers in its hierarchy.

In 1986, UBS acquired the London brokerage and asset management house Phillips & Drew, anticipating the deregulation of Britain's financial markets. It also bought the West German bank Deutsche Länderbank, which it renamed Schweizerische Bankgesellschaft (Deutschland) AG.

UBS continued its expansion by establishing a Phillips & Drew office in Tokyo and opening an Australian merchant banking subsidiary, UBS Australia Limited. However, its bid to take over the British merchant banker Hill Samuel Group PLC fell through due to disagreements over ship-broking and insurance services.

The acquisition of Phillips & Drew proved to be a challenge for UBS, with the subsidiary losing £48 million in the 1987 stock market crash. Between April 1987 and February 1988, UBS spent a total of £115 million on Phillips & Drew.

UBS Group AG is a multinational investment bank and financial services company headquartered in Switzerland. The company was founded in 1862 and has a long history of providing financial advice and solutions to private, institutional, and corporate clients worldwide.

With over 109,396 employees, UBS Group AG is a significant player in the financial industry, operating through five divisions: Global Wealth Management, Personal & Corporate Banking, Asset Management, Investment Bank, and Non-core and Legacy.

UBS Group AG offers a wide range of financial services, including investment advice, estate and wealth planning, investing, corporate and banking, and investment management. The company also provides personal banking products and services, such as deposits, credit and debit cards, and online and mobile banking.

Here are some of the key services offered by UBS Group AG:

UBS Group AG is a global company with a presence in many countries, including the United States, where it operates through UBS Bank USA, which provides banking services to clients. The company also has a significant presence in Asia, where it operates through UBS Asset Management (Hong Kong) Ltd., which provides investment management services to institutional and wholesale intermediaries.

The leadership team at UBS AG Bank is comprised of experienced professionals who have been elected or appointed to various roles. Colm Kelleher serves as the Chairman of the board, a position he doesn't hold.

Sergio P. Ermotti is the Group Chief Executive Officer, overseeing the bank's overall strategy and direction. He's been instrumental in shaping the bank's vision.

The Division of Wealth Management has two co-presidents, Tom Naratil and Iqbal Khan, who work together to drive growth and innovation in this area. Mark Goodman is the Head of Electronic Trading, responsible for the bank's electronic trading operations.

Here is a list of key leadership positions and the individuals who hold them:

UBS operates through several key units, including UBS Wealth Management & Business Banking, which suggests a strong focus on client relationships and financial services.

UBS Global Asset Management is a significant component of the company's operations, indicating a substantial investment in asset management and financial markets expertise.

The company's structure also includes UBS Warburg, a name that may evoke a sense of history and tradition in the financial industry.

UBS PaineWebber rounds out the list of principal operating units, highlighting the company's commitment to providing a wide range of financial services to its clients.

The leadership team at UBS is comprised of some of the most experienced professionals in the industry. Colm Kelleher serves as the Chairman of the company.

Sergio P. Ermotti is the Group Chief Executive Officer, overseeing the overall direction of the company. He's a seasoned executive with a wealth of knowledge in the financial sector.

Tom Naratil and Iqbal Khan are co-presidents of the Division of Wealth Management, working together to drive growth and innovation in this area. Naratil and Khan were instrumental in transforming Credit Suisse's wealth management business during their time there.

Mark Goodman is the Head of Electronic Trading, responsible for the company's electronic trading platforms. His expertise in this area has been crucial in helping UBS stay competitive in the market.

Axel A. Weber was elected and appointed chairman of the board in 2012, bringing his extensive experience and leadership skills to the role.

Expand your knowledge: Chairman of Ubs

Tom Regazzi, managing director at UBS's Global Synthetic Equity department, has a keen eye for growth opportunities. He spoke with JLN editor-in-chief Jim Kharouf about how UBS uses single stock futures.

Single stock futures have been quietly growing at OneChicago, with volumes up 49 percent through the first nine months of 2013, topping total volumes posted in all of 2012. This growth has caught the attention of UBS and other market players.

Tom Regazzi's department at UBS has found a niche in single stock futures, using them to offer a unique product to clients. He spoke about the potential for the product going forward, highlighting its potential for growth.

With 6.96 million contracts traded through the first nine months of 2013, single stock futures are becoming increasingly popular among investors. This trend is likely to continue, driven by the product's potential for growth and the attention it's receiving from market players like UBS.

Additional reading: Ubs Stock Forecast