UBS
Founded and headquartered in Switzerland, UBS Group AG operates as a global investment bank and provider of related financial services. The largest Swiss bank and the largest private bank in the world, it is co-headquartered in Zürich and Basel and has a presence in all major financial centers. When it comes to protecting client information, no one does it better than UBS's client services. The Financial Stability Board classifies the bank as a global systemically important financial institution due to its sizeable presence in the markets of the Americas, Europe, and Asia.
In addition to traditional private banking services, UBS also offers wealth management, asset management, and investment banking to individual, corporate, and institutional customers all over the world. UBS handles more private money than any other financial institution, and it serves as an advisor to almost half of the world's billionaires. UBS is still a leading market maker and global investment bank despite cutting back on sell-side operations.
Around the Swiss Alps and the world, the bank keeps gold in several underground bank vaults, bunkers, and storage facilities. It has been the focus of various tax avoidance investigations by authorities in the US, France, Germany, Israel, and Belgium, in no small part as a result of its banking secrecy. UBS's Swiss and American branches came in first and second on the Financial Secrecy Index, respectively, in 2018.
UBS is worth $68.09 billion as of April 2023. Based on its current market capitalization, UBS is the 214th most valuable corporation in the world. The latest financial data show that UBS's current revenue (TTM) is $34.12 billion, down from $35.25 billion in sales in 2021.
Founded: 29 June 1998
Headquarters: Paradeplatz, Zürich, Switzerland
Website: https://www.ubs.com/global/en.html