- published: 16 Feb 2015
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UBS AG is a Swiss global financial services company, incorporated in the Canton of Zurich, and co-headquartered in Zurich and Basel. The company provides wealth management, asset management, and investment banking services for private, corporate, and institutional clients worldwide, and is generally considered to be a bulge bracket bank. In Switzerland, these services are also offered to retail clients. 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.
UBS is considered the world's largest manager of private wealth assets, with over CHF2.2 trillion in invested assets, and remains a leading provider of retail banking and commercial banking services in Switzerland. In 2014, UBS' assets under management (AuM) amounted to US$1,966.9 billion, representing a 15.4% increase in AuM compared to the equivalent data of 2013.. It is the biggest bank in Switzerland, operating in more than 50 countries with about 60,000 employees around the world, as of 2014.
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[2016] UKSC 13 UKSC 2014/0151 UBS AG (Respondent) v Commissioners for Her Majesty's Revenue and Customs (Appellant) UKSC 2014/0152 DB Group Services (UK) Ltd (Respondent) v Commissioners for Her Majesty's Revenue and Customs (Appellant) On appeal from the Court of Appeal Civil Division (England and Wales) The respondents ("UBS" and "DB" respectively) each implemented similar schemes for the provision of bonuses to their employees in early 2004. These schemes were designed to avoid income tax and National Insurance Contributions ("NICs"). These schemes were structured around bank employees receiving shares which fell within the definition of "restricted securities" under the provisions of Chapter 2 of Part 7 of ITEPA. The shares were later redeemed for cash. HMRC determined that the ...
Banking Regulation & Capital Markets - Operation within Basel 2.5
Kurzinterview mit Axel A. Weber, Verwaltungsratspräsident, UBS AG am Finanz und Wirtschaft Forum "Vision Bank - Vision Finanzplatz Schweiz #2" vom 26. August 2014 im Kunsthaus Zürich. www.forum-executive.ch/finanzplatz
Bank of Spain starts proceedings over Santander CEO MADRID (Reuters) - The Bank of Spain said on Monday that it has formally started proceedings to decide whether the chief executive of Banco Santander , Alfredo Saenz, will be barred from banking. http://feeds.reuters.com/~r/reuters/businessNews/~3/lW0NyZ8f_z8/us-santander-saenz-idUSBRE9230VI20130304 Stock index futures signal lower open LONDON (Reuters) - Stock index futures pointed to a lower open on Wall Street on Monday, with concerns over the global economy dampening shares in Asia and Europe. http://feeds.reuters.com/~r/reuters/businessNews/~3/DSiCJvP0K9I/us-markets-stocks-idUSBRE92307Y20130304 UBS lays off 35 senior bankers in the Americas NEW YORK (Reuters) - UBS AG cut roughly a third of its Americas investment banking and cap...
04/13/2010 - UBS AG (NYSE:UBS) downgraded four banks to Sell today: Huntington Bancshares, Inc. (NASDAQ:HBAN), KeyCorp (NYSE:KEY), Regions Financial Corp. (NYSE:RF), and TCF Financial Corp. (NYSE:TCB). UBS AG reportedly said that the bank valuations were "unsustainable." UBS AG is trading 0.99% at $17.07 on volume of 4,798,595, versus an average volume of 4,820,150.
Egypt bars OCI chief from leaving country: state media CAIRO (Reuters) - Egyptian authorities have barred the chief executive of Orascom Construction Industries , one of the country's biggest companies, from leaving the country as part of an investigation into tax evasion, state media said on Sunday. http://feeds.reuters.com/~r/reuters/businessNews/~3/xKizS1B4s2I/us-egypt-orascom-idUSBRE9220DT20130303 UBS lays off 35 senior bankers in the Americas NEW YORK (Reuters) - UBS AG cut roughly a third of its Americas investment banking and capital markets group this week, including 35 senior managing directors, three sources close to the matter said. http://feeds.reuters.com/~r/reuters/businessNews/~3/67EpclHuBAI/us-ubs-cuts-idUSBRE92014O20130301 Goldman hires Citigroup lobbyist Amy Overton (...
UBS AG (NYSE:UBS) chief Oswald Gruebel fired back today at politicians wanting to cut bonuses, saying, "We need specialists and executives, whose price is determined by the global market. That is a reality that we must acknowledge if we want UBS to compete globally, generate value for shareholders, and remain an attractive employer." UBS AG is trading up 3.63% at $17.72 on volume of 3,548,172, versus the average volume of 4,879,430.
Jury selection is set to begin for the trial of a former top executive at Swiss bank UBS AG on charges of helping thousands of wealthy Americans conceal some $20 billion in assets from the Internal Revenue Service. Raoul Weil faces up to five years in prison if convicted of fraud conspiracy. Jury selection begins Tuesday morning in Fort Lauderdale federal court for a trial expected to last several weeks. Weil was formerly head of wealth management at UBS. He was originally indicted in 2008 and was a fugitive until his 2013 arrest in Italy. Weil pleaded not guilty after his extradition to the U.S. In 2009, UBS paid a $780 million fine and agreed to turn over names of customers suspected of evading U.S. taxes. Many were later prosecuted. You can license this story through AP Archive:...
James Chappell, analyst at Berenberg, on UBS AG: "Capital return the next stage"
UBS AG is a Swiss global financial services company, incorporated in the Canton of Zurich, and co-headquartered in Zurich and Basel.
Banking Regulation & Capital Markets - Operation within Basel 2.5
Kurzinterview mit Axel A. Weber, Verwaltungsratspräsident, UBS AG am Finanz und Wirtschaft Forum "Vision Bank - Vision Finanzplatz Schweiz #2" vom 26. August 2014 im Kunsthaus Zürich. www.forum-executive.ch/finanzplatz
CitiGroup, BARCLAYS, JP Morgan, Royal Bank of Scotland, and UBS AG will have to pay more than 5.4 Billion dollars in collective penalties.
Polybahn Zurich Switzerland, Central to Polyterrasse, Polybähnli, Studenten-Express, UBS AG, 1889
Fahad Ehsan Lead Architect at UBS AG in Bucharest, Romania on November 28th - 29th 2014 at DefCamp. http://defcamp.ro/speakers
William Phillip Gramm is an American economist and politician. Currently, Gramm is vice chairman of the Investment Bank division of UBS AG, supporting their dealings with key clients. Prior to his position at UBS AG, Gramm served as a Democratic Congressman, as well as a Republican Congressman and Senator. He is also noted for his position as a senior economic advisor to John McCain’s presidential campaign.
Five major banks – Citicorp, JPMorgan Chase & Co., Barclays PLC, The Royal Bank of Scotland plc and UBS AG – have agreed to plead guilty to felony charges. Citicorp, JPMorgan Chase & Co., Barclays PLC, and The Royal Bank of Scotland plc have agreed to plead guilty to conspiring to manipulate the price of U.S. dollars and euros exchanged in the foreign currency exchange (FX) spot market and the banks have agreed to pay criminal fines totaling more than $2.5 billion. A fifth bank, UBS AG, has agreed to plead guilty to manipulating the London Interbank Offered Rate (LIBOR) and other benchmark interest rates and pay a $203 million criminal penalty, after breaching its December 2012 non-prosecution agreement resolving the LIBOR investigation.
Adnan Bali, Chief Executive Officer, Türkiye Iş Bankasi A.Ş Ayhan Kose, Director, Development Prospect Group, The World Bank Jean Lemierre, Chairman, BNP Paribas (Moderator) Axel Weber, Chairman, UBS AG
Sergio Ermotti, Chief Executive, UBS AG, Oonagh McDonald CBE, Author, former MP and financial regulator, Xavier Rolet, Chief Executive, London Stock Exchange, Kay Swinburne, MEP, Member of Economic and Monetary Affairs Committee, talk to Editor Rob Cox and EMEA Editor John Foley at the Predictions 2016 launch in London on January 14th.
• He Fan, Chief Economist, Caixin Insight Group • Hong Liang, Chief Economist, China International Capital Corporation Limited • Eugene Qian, China Country Head and President, UBS AG • Yanqing Yang, Deputy Editor-in-Chief, China Business Network (moderator) • Arthur R. Kroeber, Head of Research, Gavekal Dragonomics
Recorded: Thursday, September 22, 2011 Witnesses: * The Honorable Phil Gramm, Former Chairman U.S. Senate Committee on Banking, Housing, and Urban Affairs Vice Chairman of Investment Bank UBS AG * The Honorable Jim Nussle, Former Chairman House Committee on the Budget and President/COO Growth Energy * Philip Joyce, Ph.D., Professor of Management, Finance and Leadership School of Public Policy, University of Maryland
Axel A. Weber, chairman of the Board of Directors of UBS AG, discusses whether the global economy can heal and if inflation will make a comeback in 2015. He delivered the speech at the Peterson Institute for International Economics on October 8, 2014. For more information, visit: http://www.piie.com/events/event_detail.cfm?EventID=351
Lady Barbara Judge, CBE (GB/US), Chair, UK Pension Protection Fund Zeenat Rahman (US), Special Adviser on Global Youth Issues to the Secretary of State, John F. Kerry, U.S. Department of State Prof. Axel Weber (DE), Chairman of the Board of Directors, UBS AG Topic Leader: Wolf Martin (GB), Chief Economics Commentator, The Financial Times