What is the full form of UBS?
- on Jun 09, 2022
UBS stands for Union Bank of Switzerland.
|Full Form||Union Bank of Switzerland|
|Category||Business » Banking|
What is UBS?
Union Bank of Switzerland is a multinational financial services company. It operates in over 100 countries and employs more than 260,000 people.
UBS was founded in 1871 and is one of the oldest banks in the world. It is a private bank with its own shareholders and management. UBS is headquartered in Zurich, Switzerland.
UBS has long been considered one of the world’s leading financial institutions. It is well known for its investment banking, wealth management, and retail banking services.
UBS has been involved in a number of high-profile scandals over the years. In 2010, it was fined $780 million by the US government for mortgage fraud. In 2012, UBS was fined $2.6 billion by Swiss authorities for helping wealthy clients evade taxes.
Despite these scandals, UBS remains one of the world’s largest banks. Its assets total $2 trillion and it has a market capitalization of $318 billion.