Is UBS Switzerland AG a bank?
UBS AG is incorporated and domiciled in Switzerland and operates under the Swiss Code of Obligations as an Aktiengesellschaft, a corporation limited by shares. UBS AG is a bank and was formed on 29 June 1998, when Union Bank of Switzerland (founded 1862) and Swiss Bank Corporation (founded 1872) merged.
What does AG stand for in UBS?
AG is an abbreviation of Aktiengesellschaft, which is a German term for a public limited company. This type of company shares are offered to the general public and traded on a public stock exchange. Shareholders’ liability is limited to their investment.
Is UBS AG a US bank?
UBS Group AG is a Swiss multinational investment bank and financial services company founded and based in Switzerland….UBS.
| UBS headquarters in Zürich, Switzerland, December 2011 | |
|---|---|
| Net income | US$12.822 billion (2020) |
| Total assets | US$3.49 trillion (2020) |
| Total equity | US$59.4 billion (2020) |
| Number of employees | 71,551 (2020) |
Does UBS have a trust company?
As part of a strategic alliance between the two firms, Reliance Trust will offer trustee, trust administration, and related fiduciary services through UBS Financial Services’ network of nearly 7,000 advisors. UBS Financial Services will act as custodian of the trust assets.
What type of bank is Swiss Bank?
Swiss Bank Corporation was a Swiss investment bank and financial services company located in Switzerland….Swiss Bank Corporation.
| Type | Acquired |
|---|---|
| Industry | Banking Financial services Investment services |
What does UBS stand for in banking?
UBS stands for the United Bank of Switzerland, but it is also one of the leading wealth managers in the Americas. This service encompasses its domestic wealth management businesses for the United States and Canada as well as international businesses booked in the United States.
What is the meaning of UBS in UBS Bank?
The name UBS was originally an abbreviation for the Union Bank of Switzerland, but it ceased to be a representational abbreviation after the bank’s merger with Swiss Bank Corporation in 1998. The company traces its origins to 1856, when the earliest of its predecessor banks was founded.
Who is UBS Financial Services?
UBS (derived from the Union Bank of Switzerland ) is a multinational diversified financial services company headquartered in Zurich and Basel. UBS is involved in virtually all major financial activities, including retail and commercial banking, investment banking, investment management, and wealth management.