UBS
UBS Group AG is a preeminent global financial services firm rooted in Swiss banking traditions, meticulously built through a century and a half of mergers and strategic evolution to become a world leader in wealth management and a significant investment bank. Its trajectory reflects Switzerland's enduring role in global finance, marked by adaptability, strategic consolidation, and resilience through economic cycles and regulatory shifts.
Quick Facts
- Founded
- 1862
- Founder
- Multiple founders
- Origin
- Switzerland
Founders
Story Chapters
Timeline
Founding of Bank in Winterthur
The earliest predecessor of UBS was founded in Winterthur, Switzerland, marking the start of a legacy in banking.
Merger to Form Swiss Bank Corporation
The merger of Bankverein and Bank in Basel created the Swiss Bank Corporation, a key precursor to UBS.
Establishment of Union Bank of Switzerland
Two major Swiss banks merged to form the Union Bank of Switzerland, setting the stage for future growth.
Merger of Swiss Bank Corporation and Union Bank of Switzerland
In a landmark merger, Swiss Bank Corporation and Union Bank of Switzerland combined to form UBS AG.
Acquisition of PaineWebber
UBS expanded its presence in the United States by acquiring the brokerage firm PaineWebber for $11.5 billion.
Financial Crisis and Government Bailout
UBS was heavily impacted by the global financial crisis, requiring a bailout from the Swiss government.
Libor Scandal Settlement
UBS agreed to pay $1.5 billion in fines to regulators over its role in the Libor interest rate manipulation scandal.
Restructuring and Wealth Management Focus
UBS restructured its operations to focus more on wealth management, reducing its investment banking activities.
Launch of UBS Global Wealth Management
UBS combined its wealth management units to form UBS Global Wealth Management, enhancing its client services.
Sustainability Initiatives
UBS committed to achieving net-zero greenhouse gas emissions in its operations by 2050, emphasizing sustainability.
Connected Across The Archives
Explore specific connections to other archives—civilizations, conflicts, dynasties, and treaties that share history with this company.
Civilization Archive
(1)
Conflict Archive
(1)
Lineage Archive
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