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UBS
Section:   en » Banks      11 января 2015  


UBS
 
UBS AG - Switzerland's largest financial conglomerate, which provides various financial services worldwide.

Type - a public company;
Year of construction - 1998;
Location - Basel, Zurich (Switzerland)
Assets - 1.049 trillion Swiss francs (2013);
Number of employees - 60 205 (2013).

UBS is the second largest bank in Europe by market capitalization as well as yield. «UBS» - is an abbreviation of the company's predecessor (Union Bank of Switzerland).

In October 2008, the Swiss government decided to buy back 10% of its shares for 3.9 billion euros due to the global financial crisis.

In late October 2008, UBS announced its first loss in five years. Then the bank said that because of the crisis has lost $ 4.4 billion.

US mortgage market crisis, which intensified in mid-2007, led to the loss of billions of dollars European and US banks.

December 10, 2007 the Bank announced the cancellation of ten billion dollars, was the cause of cancellation of the mortgage crisis in the United States. At the time of the announcement that was made by the biggest write-off due to the crisis.

In 2012, a fine of 1.4 billion Swiss francs financial regulators in the United States, Great Britain and Switzerland for the manipulation of the key interbank lending rate LIBOR.
 
UBS

 
See also:

  • Deutsche Bank paid $ 2.5 billion for the manipulation of LIBOR
  • Barclays
  • JP Morgan Chase
  • Bank of America
  • Royal Bank of Scotland (RBS)


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