UBS AG
Type	Public (NYSE: UBS; SWX:UBSN; TYO: 8657)
Founded	1998 merger of the Union Bank of Switzerland and the Swiss Bank Corporation
Headquarters	Basel & Zürich, Switzerland
Key people	Marcel Ospel, Chairman Marco Suter, Vice Chairman Marcel Rohner, CEO
Industry	Finance
Products	Financial Services
Operating income	▲47.17 billion CHF (2006) (about 39.3 billion USD)
Net income	▲11.25 billion CHF (2006) (about 9.4 billion USD)
Employees	81,577 (as end of 2Q 2007)
Slogan	You & Us.
Website	www.ubs.com

The UBS Tower in Chicago (photo by Krzysztof Makara)

UBS AG (NYSE: UBS; SWX: UBSN; TYO: 8657) is a diversified global financial services company, with its main headquarters in Basel & Zürich, Switzerland. It is the world's largest manager of private wealth assets, "the world's biggest manager of other people's money"^[1] and is also the second-largest bank in Europe, by both market capitalisation and profitability. UBS has a major presence in the U.S., with its American headquarters located in New York City's Manhattan borough, (Investment Banking); Weehawken, New Jersey (Private Wealth); and Stamford, Connecticut (Capital Markets). UBS's retail offices are located throughout the United States, and in over 50 other countries. UBS is an abbreviation, which originated from a predecessor firm, the Union Bank of Switzerland, however UBS ceased to be considered a representational abbreviation after its 1998 merger with Swiss Bank Corporation.^[2] Image File history File links UBS_Logo. ... This article does not cite any references or sources. ... The New York Stock Exchange (NYSE), nicknamed the Big Board, is a New York City-based stock exchange. ... SWX Swiss Exchange, Zurich SWX Swiss Exchange is Switzerlands stock exchange, based in Zürich. ... The Tokyo Stock Exchange ), or TSE, is one of the largest stock exchange markets in the world by monetary volume located in Tokyo, Japan, second only to the New York Stock Exchange. ... Union Bank of Switzerland was located in Switzerland. ... Swiss Bank Corporation (SBC) (German: Schweizerischer Bankverein (SBV), French: Société de Banque Suisse (SBS), Italian:Società di Banca Svizzera) is the name of a bank that existed between 1856 and 1998, when it merged with Union Bank of Switzerland (UBS/SBG) to form UBS AG. The history of the... Image File history File links Flag_of_Switzerland. ... For other uses, see Basel (disambiguation). ... For other uses of Zurich, see Zurich (disambiguation). ... Marcel Ospel (born August 2, 1950 in Basel) is the Chairman of the Board of Directors of UBS AG, the largest bank in Switzerland. ... Finance studies and addresses the ways in which individuals, businesses, and organizations raise, allocate, and use monetary resources over time, taking into account the risks entailed in their projects. ... Financial services is a term used to refer to the services provided by the finance industry. ... Earnings before interest and taxes (EBIT), also known as operating income and operating profit, is a term used to describe a companys earnings. ... Net income is equal to the income that a firm has after subtracting costs and expenses from the total revenue. ... This article is about work. ... Look up slogan in Wiktionary, the free dictionary. ... A website (alternatively, Web site or web site) is a collection of Web pages, images, videos or other digital assets that is hosted on one or several Web server(s), usually accessible via the Internet, cell phone or a LAN. A Web page is a document, typically written in HTML... Staggered floors facing east Looking through the lobby at the Civic Opera House UBS Tower is a 651 foot (199 m) tall skyscraper in Chicago, Illinois, United States. ... For other uses, see Chicago (disambiguation). ... Aktiengesellschaft (IPA: ; abbreviated AG) is a German term that refers to a corporation that is limited by shares, i. ... The New York Stock Exchange (NYSE), nicknamed the Big Board, is a New York City-based stock exchange. ... SWX Swiss Exchange, Zurich SWX Swiss Exchange is Switzerlands stock exchange, based in Zürich. ... The Tokyo Stock Exchange ), or TSE, is one of the largest stock exchange markets in the world by monetary volume located in Tokyo, Japan, second only to the New York Stock Exchange. ... For other uses, see Basel (disambiguation). ... For other uses of Zurich, see Zurich (disambiguation). ... For other uses, see Europe (disambiguation). ... Market capitalization, often abbreviated to market cap, mkt. ... Profitability is a technical analysis term used to compare performances of different trading systems or different investments within one system. ... New York, New York and NYC redirect here. ... Investment banks help companies and governments (or their agencies) raise money by issuing and selling securities in the capital markets (both equity and debt). ... Weehawken is a township in Hudson County, New Jersey, United States. ... Traditionally, the wealthiest retail clients of investment firms demanded a greater level of service, product offering and sales personnel than were received by the average clients. ... Nickname: Location in Connecticut Coordinates: , NECTA Region Settled 1641 Incorporated (city) 1893 Consolidated 1949 Government  - Type Mayor-Board of representatives  - Mayor Dannel Malloy (Dem) Area  - City 134. ... The capital market is the market for long-term loans and equity capital. ... An abbreviation (from Latin brevis short) is a shortened form of a word or phrase. ... Union Bank of Switzerland was located in Switzerland. ... An abbreviation (from Latin brevis short) is a shortened form of a word or phrase. ... The phrase mergers and acquisitions or M&A refers to the aspect of corporate finance strategy and management dealing with the merging and acquiring of different companies as well as assets. ... Swiss Bank Corporation (SBC) (German: Schweizerischer Bankverein (SBV), French: Société de Banque Suisse (SBS), Italian:Società di Banca Svizzera) is the name of a bank that existed between 1856 and 1998, when it merged with Union Bank of Switzerland (UBS/SBG) to form UBS AG. The history of the...

UBS's global business groups are Private Banking, Investment Banking, and Asset Management. Additionally, UBS is one of the leading providers of retail banking and commercial banking services in Switzerland. Overall invested assets are 3.265 trillion Swiss francs (CHF), shareholders' equity is 47.850 billion CHF and market capitalization is 151.203 billion CHF by end of 2Q 2007. Private banking is done by major institutional banks known as private banks, which offer financial services to private individuals. ... Asset management is the method that a company uses to track fixed assets, for example factory equipment, desks and chairs, computers, even buildings. ... According to investopedia. ... ISO 4217 Code CHF User(s) Switzerland, Liechtenstein, Campione dItalia Inflation 1. ... Market capitalization, or market cap, is a measurement of corporate or economic size equal to the stock price times the number of shares outstanding of a public company. ...

The AG in the company's name means Aktiengesellschaft, which is the equivalent to a shareholder-based corporation in the USA. Aktiengesellschaft (IPA: ; abbreviated AG) is a German term that refers to a corporation that is limited by shares, i. ... For other uses, see Corporation (disambiguation). ...

In some ways, UBS has evolved on a similar path to its cross-town rival Credit Suisse. Both are Swiss commercial and retail banks which bought major US investment banks (and in the case of UBS, a leading retail stock broker, PaineWebber). The Credit Suisse Group (SWX:CSGN, NYSE: CS) is a financial services company, headquartered in Zürich, Switzerland. ... Paine Webber and Company was an American stock brokerage firm founded in 1880 in Boston, Massachusetts by William Albert Paine and Wallace G. Webber. ...

History

UBS has its roots as a Swiss Bank, originating in 1747, when its first branch was established in the Swiss region of Valposchiavo. However, the three core components of the company date back to the second half of the nineteenth century. Union Bank of Switzerland, Swiss Bank Corporation, and Paine Webber or their antecedents, were all founded in the 1860s and 1870s. Union Bank of Switzerland was located in Switzerland. ... Swiss Bank Corporation (SBC) (German: Schweizerischer Bankverein (SBV), French: Société de Banque Suisse (SBS), Italian:Società di Banca Svizzera) is the name of a bank that existed between 1856 and 1998, when it merged with Union Bank of Switzerland (UBS/SBG) to form UBS AG. The history of the... Paine Webber and Company was an American stock brokerage firm founded in 1880 in Boston, Massachusetts by William Albert Paine and Wallace G. Webber. ...

Modern UBS was formed through a merger of the Union Bank of Switzerland and the Swiss Bank Corporation in June 1998. Although the merged company's new name was originally supposed to be the "United Bank of Switzerland," officials opted to call it simply "UBS" because of a name clash with United Bank Switzerland - a part of the United Bank Limited's Swiss subsidiary. Union Bank of Switzerland was located in Switzerland. ... Swiss Bank Corporation (SBC) (German: Schweizerischer Bankverein (SBV), French: Société de Banque Suisse (SBS), Italian:Società di Banca Svizzera) is the name of a bank that existed between 1856 and 1998, when it merged with Union Bank of Switzerland (UBS/SBG) to form UBS AG. The history of the...

SBC had previously built a global investment banking business through its acquisitions of Dillon Read in New York and S.G. Warburg in London. The first chairman of the merged bank had to step down in October 1998 due to the Long-Term Capital Management crisis, which affected the Union Bank of Switzerland. In 2000, UBS acquired PaineWebber Group Inc. to become the world's largest wealth management firm for private clients. Invested assets in all wealth management businesses, including the U.S., total CHF 3.265 trillion. Prominent American investment bank from the 1920s into the 1960s, it was purchased by Swiss Bank Corporation (SBC) in 1997 and merged with London investment bank S.G. Warburg & Co. ... Long Term Capital Management (LTCM) was a hedge fund founded in 1994 by John Meriwether (the former vice-chairman and head of bond trading at Salomon Brothers). ... Paine Webber and Company was an American stock brokerage firm founded in 1880 in Boston, Massachusetts by William Albert Paine and Wallace G. Webber. ...

On June 9th, 2003, all UBS business groups rebranded under the UBS name as the company began operating as one large firm. UBS Paine Webber, UBS Warburg, UBS Asset Management, and others became simply "UBS". As a result of the rebranding, UBS took a $1B writedown for the loss of goodwill associated with the retirement of the Paine Webber brand. UBS is no longer an acronym but is the company's brand, like 3M. Its logo of three keys, carried over from SBC, stands for confidence, security, and discretion.^[3] 3M Company (NYSE: MMM), formerly Minnesota Mining and Manufacturing Company until 2002, is an American corporation with a worldwide presence. ...

UBS is present in all major financial centers worldwide, with offices in 50 countries. According to the UBS website, the bank had 81,557 employees on June 30, 2007. The 2007 Q2 report breaks these Financial Business permanent staff down by region as: 27,315 in Switzerland, 31,933 in the Americas, 13,355 in Europe, the Middle East and Africa (EMEA / not including Switzerland), and 8,954 in Asia and Australasia (APAC). is the 181st day of the year (182nd in leap years) in the Gregorian calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... Europe, the Middle East and Africa, usually abbreviated to EMEA, is a regional designation used for government, marketing and business purposes. ... Australasia Australasia is a term variably used to describe a region of Oceania: Australia, New Zealand, and neighbouring islands in the Pacific Ocean. ...

==Management= is the Chairman of the Board of Directors. The Group Executive Board is the executive body of the company.^[4] Its members are:

• Executive Vice Chairman: Marco Suter
• Group CEO: Marcel Rohner
• Chairman and CEO Global Wealth Management & Business Banking: Raoul Weil
• Chairman and CEO Global Asset Management: John A. Fraser
• Chairman and CEO Investment Bank: Jerker Johansson
• Group General Counsel: Peter Kurer
• Group Chief Financial Officer: Marco Suter
• Group Chief Risk Officer: Joseph Scoby
• Chairman & CEO Americas: Robert Wolf (UBS AG)
• Chairman and CEO Asia Pacific: Rory Tapner

Chairman Marcel Ospel will not seek re-election on April 23, 2008 annual general assembly of shareholders and will be succeeded by Peter Kurer, who is currently general counsel, the bank said in a statement, on April 1, 2008.[1] is the 113th day of the year (114th in leap years) in the Gregorian calendar. ... 2008 (MMVIII) is the current year, a leap year that started on Tuesday of the Anno Domini (or common era), in accordance to the Gregorian calendar. ... is the 91st day of the year (92nd in leap years) in the Gregorian calendar. ... 2008 (MMVIII) is the current year, a leap year that started on Tuesday of the Anno Domini (or common era), in accordance to the Gregorian calendar. ...

Businesses

See also Swiss banking and Zurich

UBS is organized in four business groups: Global Wealth Management & Business Banking, Investment Bank, Global Asset Management, and Corporate Center. Swiss banks are world-renowned for their stability, privacy and protection of clients. ... Location within Switzerland   Zürich[?] (German pronunciation IPA: ; usually spelled Zurich in English) is the largest city in Switzerland (population: 366,145 in 2004; population of urban area: 1,091,732) and capital of the canton of Zürich. ... Private banking is done by major institutional banks known as private banks, which offer financial services to private individuals. ... A commercial bank is a type of financial intermediary and a type of bank. ... Investment banks help companies and governments (or their agencies) raise money by issuing and selling securities in the capital markets (both equity and debt). ...

Dillon Read Capital Management

In June 2006, UBS announced the launch of Dillon Read Capital Management, an alternative investment management business, in an effort to capture new business and retain staff that UBS was losing to other hedge funds ^[5]. Several senior executives of UBS Investment Bank, left their positions to lead up the new DRCM business. One UK gossip column suggested that UBS guaranteed a $1B bonus pool over the first three years for the 120 employees to discourage traders from leaving ^[6]. Actually, this was not true as the compensation plan for DCRM was performance based. The term hedge fund dates back to the first such fund founded by Alfred Winslow Jones in 1949. ...

On May 3, 2007, UBS announced the closure of Dillon Read Capital Management due to "operational complexities." DRCM ran up a loss of $124M in the first quarter.^[7]. This followed profits of $1.2 billion for 2005 and 2006 for Dillon Read. Additionally, the outside funds of Dillon Read returned 16.6% to investors after fees for 2007. is the 123rd day of the year (124th in leap years) in the Gregorian calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ...

UBS Polybahn

One of the more unusual businesses operated by UBS AG is the UBS Polybahn, a funicular railway in Zürich, Switzerland. The group's ownership of this line dates back to 1976, when the Union Bank of Switzerland rescued the then failing funicular company.^{[citation needed]} The Polybahn is a funicular railway of Zürich, Switzerland. ... Duquesne Incline, Pittsburgh, Pennsylvania with full length parallel tracks A funicular, also called funicular railway or inclined railway, inclined plane, or in England a cliff railway, consists of a system of transportation in which cables attach to a tram-like vehicle on rails to move it up and down a... For other uses of Zurich, see Zurich (disambiguation). ...

Competition

Main competitors are, Deutsche Bank, Citigroup, Morgan Stanley, Credit Suisse, Banc of America Securities LLC, Goldman Sachs, JP Morgan, Lehman Brothers, Bear Stearns and Merrill Lynch. Deutsche Bank AG (pronounced [2]) (ISIN: DE0005140008, NYSE: DB) (literal translation - German Bank) is a leading global investment bank with a broad private clients franchise, headquartered in Frankfurt, Germany. ... Citigroup Inc. ... Morgan Stanley (NYSE: MS) is one of the largest and the most reputed investment banks headquartered in New York City. ... The Credit Suisse Group (SWX:CSGN, NYSE: CS) is a financial services company, headquartered in Zürich, Switzerland. ... Banc of America Securities LLC (BAS), based in New York City, is the investment banking subsidiary of Bank of America. ... The Goldman Sachs Group, Inc. ... John Pierpont Morgan John Pierpont Morgan I (April 17, 1837 – March 31, 1913) was an American financier and banker, who at the turn of the century (1901), was one of the wealthiest men in America. ... Lehman Brothers Holdings Inc. ... The Bear Stearns Companies, Inc. ... Merrill Lynch & Co. ...

Workplace

Diversity

UBS was named one of the 100 Best Companies for Working Mothers living in the U.S. in 2006 for the fourth consecutive year^[8] by U.S. based Working Mothers magazine. It is a member of the Stonewall Diversity Champions scheme and has active Gay and Lesbian, ethnic minority, and women's networking groups.

UBS North American headquarters building in Stamford, Connecticut: Trading floor is beneath bowed roof

Image File history File links Metadata Size of this preview: 800 × 309 pixelsFull resolution‎ (2,269 × 877 pixels, file size: 504 KB, MIME type: image/jpeg) UBS AG North American headquarters in Stamford, Connecticut, as seen from the south (from the roof of the main parking garage at the Stamford... Image File history File links Metadata Size of this preview: 800 × 309 pixelsFull resolution‎ (2,269 × 877 pixels, file size: 504 KB, MIME type: image/jpeg) UBS AG North American headquarters in Stamford, Connecticut, as seen from the south (from the roof of the main parking garage at the Stamford...

Records

The UBS trading floor in Stamford, Connecticut holds the Guinness World Record as the largest securities trading floor in the world. The 103,000 square-foot operation has 40 foot arched ceiling freeing it of columns or walls. The size of three football fields, it is home to 1,400 traders and staff who handle about $1 trillion worth of transactions a day. It is roughly 227 feet wide by 410 feet long. UBS officials have boasted that a 747 jet could turn around in it.^{[citation needed]} Nickname: Location in Connecticut Coordinates: , NECTA Region Settled 1641 Incorporated (city) 1893 Consolidated 1949 Government  - Type Mayor-Board of representatives  - Mayor Dannel Malloy (Dem) Area  - City 134. ... The Guinness Book of Records (or in recent editions Guinness World Records, and in previous US editions Guinness Book of World Records) is a book published annually, containing an internationally recognized collection of superlatives: both in terms of human achievement and the extrema of the natural world. ... Events Abu Muslim unites the Abbasid Empire against the Umayyads. ...

UBS building in Midtown Manhattan.

Midtown Manhattan viewed from the World Trade Center. ...

Financials

In full-year 2006, UBS reported net profit attributable to UBS shareholders (“attributable profit”) of CHF 11,253 million, with CHF 11,249 million from continuing operations and CHF 4 million from discontinued operations.

For the year ended December 31, 2006 is the 365th day of the year (366th in leap years) in the Gregorian calendar. ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ...

• Net profit CHF 11,257 million
• Moody's long-term credit rating: Aaa (Upgraded on April 20, 2007 from Aa2)
• Employees: 81,577

For the year ended December 31, 2007 Moodys Corporation (NYSE: MCO) is the holding company for Moodys Investors Service which performs financial research and analysis on commercial and government entities. ... is the 365th day of the year (366th in leap years) in the Gregorian calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ...

• Net loss CHF 4,384 million

Swiss bank UBS AG told April 1, 2008 it expected to post net losses of 12 billion Swiss francs (US$12.1 billion) for the first quarter of 2008 and would seek 15 billion Swiss francs (US$15.1 billion) in new capital. USB, hard hit by the U.S. Subprime mortgage crisis, also said it sees losses and writedowns of approximately US$19 billion on U.S. real estate and related credit positions.[2] is the 91st day of the year (92nd in leap years) in the Gregorian calendar. ... 2008 (MMVIII) is the current year, a leap year that started on Tuesday of the Anno Domini (or common era), in accordance to the Gregorian calendar. ... 2008 (MMVIII) is the current year, a leap year that started on Tuesday of the Anno Domini (or common era), in accordance to the Gregorian calendar. ... The subprime mortgage crisis is an ongoing problem manifesting itself through liquidity issues in the banking system which have become more prevalent due to foreclosures which accelerated in the United States in late 2006 and triggered a global financial crisis during 2007 and 2008. ...

Major Sponsorship Deals

• Team Alinghi (America's Cup)
• Athletissima Lausanne (Golden League)

Alinghi is a coined name of the syndicate set up by Ernesto Bertarelli to challenge for the Americas Cup. ... This article is about the yachting competition. ... The IAAF Golden League is an annual series of athletics meetings organised by the International Association of Athletics Federations. ...

Controversies

• In January 1997, Christoph Meili, a night watchman at the Union Bank of Switzerland (as UBS was then known), found the bank historian destroying archives compiled by a subsidiary that had extensive dealings with Nazi Germany, in direct violation of a recent Swiss law (adopted on December 13, 1996) protecting such material. UBS acknowledged that it had "made a deplorable mistake", but maintained that the destroyed archives were unrelated to the Holocaust. Meili was suspended from his job at the security company that served UBS, following a criminal investigation into whether his whistleblowing had violated bank secrecy laws.^[9]

• In 2001, UBS was blamed for refusing to extend Swissair's line of credit, forcing a grounding of Swissair's planes on October 2, 2001. UBS Chairman Marcel Ospel was blamed by many for ostensibly evading the request for an extension of Swissair's line of credit, and the day after the grounding, thousands of demonstrators marching in front of the Swissair headquarters carried a banner reading "Bin Ospel".^[clarify]

• In April 2002, Bank of America sued five people who left its asset- and mortgage-backed securities groups for UBS, alleging that the five conspired to steal trade secrets, proprietary software and clients from Bank of America. Bank of America filed a lawsuit for US$ 20 million against Shahid Quraishi, Peter Faigl, Paul Scialabba, Reggie DeVilliers and Daniel Huang, who had previously worked for their asset-backed group based in Charlotte.^[10]

• On March 20, 2003 UBS client, HealthSouth and its founder/CEO Richard M. Scrushy were accused by the U.S. Securities and Exchange Commission (SEC) of an accounting scandal where the company's earnings were falsely inflated by $1.4 billion. In 1996, Scrushy allegedly instructed the company's senior officers and accountants to falsify company earnings reports in order to meet investor expectations and control the price of the company's stock. In certain fiscal years, the company's income was overstated by as much as 4700 percent. The $1.4 billion represents more than 10 percent of the company's total assets. Three senior bankers at UBS Howard Capek, Benjamin Lorello and William McGahan, all whom had extremely close relationships with HealthSouth's management, all testified for congressional hearings, but none was convicted of any wrongdoing. McGahan, who was in jeopardy of losing his employment with the firm at the height of the scandal ^[11], later resigned on April 10, 2004 for personal reasons not related to the scandal. ^[12]

• On May 10, 2004 UBS was fined $100 million by the U.S.Federal Reserve for illegally transferring funds from an account set up by the Federal Reserve at UBS to Iran, Cuba and other countries presently under a U.S. trade embargo. ^[13]

• In April 2005, UBS lost the high profile case Zubulake v. UBS Warburg, a discrimination and sexual harassment suit. The plaintiff Laura Zubulake, a former institutional equities saleswoman at the company's Stamford office, convinced the jury that her manager, Matthew Chapin, had denied her important accounts and mocked her appearance to co-workers. Also, she claimed that there were several sexist policies in place, such as entertaining clients at strip clubs, that made it difficult for women to socialize and foster business contacts with clients.^[14] An important event in the case was the inability of UBS Warburg to produce several incriminating e-mails of which Zubulake could provide records. The plaintiff was able to prove that UBS had destroyed relevant e-mails after the litigation hold had been in place. Because of this, federal judge Shira Scheindlin gave the jury an "adverse inference" instruction, essentially stating that the jury had to assume that the missing e-mails provided damning evidence against the defendant. UBS was ordered to pay the plaintiff $9.1 million in compensatory damages (including back pay and professional damage), and $20.2 million in punitive damages. The case was seen as a landmark in the realms of e-discovery, document retention, computer forensics, and human resources, particularly because the defendant's inability to produce electronic documents shifted the burden of proof to the defendant.^[15]

• The Securities and Exchange Board of India (SEBI) alleged that UBS had played a role in the 2004 Black Monday stock market crash which followed the National Democratic Alliance government’s defeat in the general elections. SEBI's ruling of May 17, 2005 barred UBS from issuing or renewing participatory notes for a period of one year.The ban was later lifted on appeal, as a result of a government tribunal ruling on September 9, 2005.

• On October 18, 2005, three African-American employees filed a class action lawsuit against the company in the United States District Court for the Southern District of New York alleging racial discrimination in hiring, promotion and other employment practices. The three plaintiffs in Freddie H. Cook, Sylvester L. Flaming Jr. and Timothy J. Gandy v. UBS Financial Services, Inc., claim that segregation and discrimination in job assignments and compensation were widespread and the firm had done nothing to diversify its workforce. The lawsuit also claims offices operating in Largo, Maryland and Flushing, New York were illegally created to serve African-Americans and Asian-Americans respectively, and that the firm’s management frequently ridiculed the Largo branch office and its staff, referring to it as a “diversity” office. On April 23, 2007, U.S. District Judge, Peter J. Messitte, granted plaintiff's request to dismiss the class allegations without prejudice. As a result of this dismissal, the case now comprises the individual claims of three plaintiffs. ^[16][17]

• In an article published in BusinessWeek on February 26, 2007, it was announced that the firm was under investigation by federal prosecutors in the United States after it was discovered that traders working for at least two unidentified hedge funds were paying a UBS employee for information on impending ratings changes on stocks.[3] It was later announced on March 1st, that Mitchel S.Guttenberg, an executive director in the firm's equity research department, was being charged along with 13 other individuals from various firms with insider-trading fraud of more than $15 million. ^[18]

• During the third quarter of 2007. Peter Wuffli stepped down as CEO of the firm amid significant writedowns related to subprime banking exposure (CDO's/derivatives) in the United States. More than US$13 billion in mezzanine debt and more than US$20 billion in total subprime exposure were written off, forcing UBS to cut its dividend or increase capital in order to protect UBS's traditionally high tier 1 capital ratio, seen by investors as a key to its credibility as the world's largest wealth management company.

Christoph Meili (born April 12, 1968) is a Swiss whistleblower. ... Nazi Germany, or the Third Reich, commonly refers to Germany in the years 1933–1945, when it was under the firm control of the totalitarian and fascist ideology of the Nazi Party, with the Führer Adolf Hitler as dictator. ... is the 347th day of the year (348th in leap years) in the Gregorian calendar. ... Year 1996 (MCMXCVI) was a leap year starting on Monday (link will display full 1996 Gregorian calendar). ... For other uses, see Holocaust (disambiguation) and Shoah (disambiguation). ... Poster in support of whistleblower legislation A whistleblower is an employee, former employee, or member of an organization, especially a business or government agency, who reports misconduct to people or entities that have the power and presumed willingness to take corrective action. ... Swissair (Swiss Air Transport Company Limited) was the former national airline of Switzerland. ... is the 275th day of the year (276th in leap years) in the Gregorian calendar. ... Year 2001 (MMI) was a common year starting on Monday (link displays the 2001 Gregorian calendar). ... Marcel Ospel (born August 2, 1950 in Basel) is the Chairman of the Board of Directors of UBS AG, the largest bank in Switzerland. ... Bank of America (NYSE: BAC TYO: 8648) is the largest commercial bank in the United States in terms of deposits, and the largest company of its kind in the world. ... Charlotte redirects here. ... is the 79th day of the year (80th in leap years) in the Gregorian calendar. ... Year 2003 (MMIII) was a common year starting on Wednesday of the Gregorian calendar. ... HealthSouth Corporation NYSE: HLS, based in Birmingham, Alabama, is one of the nations largest healthcare services provider. ... Richard M. Scrushy (born 1952 in Selma, Alabama, USA) is the founder and former chairman and chief executive officer of the physical rehabilitation healthcare giant HealthSouth, based in Birmingham, Alabama. ... The U.S. Securities and Exchange Commission, commonly referred to as the SEC, is the United States governing body which has primary responsibility for overseeing the regulation of the securities industry. ... ... is the 100th day of the year (101st in leap years) in the Gregorian calendar. ... Year 2004 (MMIV) was a leap year starting on Thursday of the Gregorian calendar. ... is the 130th day of the year (131st in leap years) in the Gregorian calendar. ... Year 2004 (MMIV) was a leap year starting on Thursday of the Gregorian calendar. ... The United States dollar is the official currency of the United States. ... The Federal Reserve System is headquartered in the Eccles Building on Constitution Avenue in Washington, DC. The Federal Reserve System (also the Federal Reserve; informally The Fed) is the central banking system of the United States. ... Manifestations Slavery Racial profiling Lynching Hate speech Hate crime Genocide (examples) Ethnocide Ethnic cleansing Pogrom Race war Religious persecution Gay bashing Blood libel Paternalism Police brutality Movements Policies Discriminatory Race / Religion / Sex segregation Apartheid Redlining Internment Anti-discriminatory Emancipation Civil rights Desegregation Integration Equal opportunity Counter-discriminatory Affirmative action Racial... Sexual harassment is harassment or unwelcome attention of a sexual nature. ... Manifestations Slavery Racial profiling Lynching Hate speech Hate crime Genocide (examples) Ethnocide Ethnic cleansing Pogrom Race war Religious persecution Gay bashing Blood libel Paternalism Police brutality Movements Policies Discriminatory Race / Religion / Sex segregation Apartheid Redlining Internment Anti-discriminatory Emancipation Civil rights Desegregation Integration Equal opportunity Counter-discriminatory Affirmative action Racial... For the book or movie Striptease see Striptease (book) and Striptease (movie) A striptease is a performance, usually a dance, in which the performer gradually removes their clothing for the purposes of sexually arousing the audience, usually performed in nightclubs. ... Wikipedia does not yet have an article with this exact name. ... A federal judge is a judge appointed in accordance with Article III of the United States Constitution. ... Shira A. Scheindlin (born 1946 in Washington, D.C.) is a United States District Court judge for the Southern District of New York. ... For jury meaning makeshift, see jury rig. ... Adverse inference is a legal inference, adverse to the concerned party, drawn from silence or absence of requested evidence. ... Electronic Discovery refers to Discovery (law) in Civil litigation which deals with information in electronic form. ... The simple definition of computer forensics - Chris L.T. Brown, Computer Evidence Collection and Preservation, 2006 Thus, it is more than the technological, systematic inspection of the computer system and its contents for evidence or supportive evidence of a civil wrong or a criminal act. ... This article is about human resources as it applies to business, labor, and economies. ... In the common law, burden of proof is the obligation to prove allegations which are presented in a legal action. ... Securities and Exchange Board of India (SEBI) is a board (corporate body) appointed by the Government of India in 1992 with its head office at Mumbai. ... Black Monday may refer to: Black Monday, Dublin, 1209 – when a group of 500 recently arrived settlers from Bristol were massacred by warriors of the Gaelic OByrne clan. ... The National Democratic Alliance (NDA) is a coalition in India. ... is the 137th day of the year (138th in leap years) in the Gregorian calendar. ... Year 2005 (MMV) was a common year starting on Saturday (link displays full calendar) of the Gregorian calendar. ... is the 291st day of the year (292nd in leap years) in the Gregorian calendar. ... Year 2005 (MMV) was a common year starting on Saturday (link displays full calendar) of the Gregorian calendar. ... Languages Predominantly American English Religions Protestantism (chiefly Baptist and Methodist); Roman Catholicism; Islam Related ethnic groups Sub-Saharan Africans and other African groups, some with Native American groups. ... In law, a class action is an equitable procedural device used in litigation for determining the rights of and remedies, if any, for large numbers of people whose cases involve common questions of law and fact. ... Largo is an unincorporated community and census designated place in Prince Georges County, Maryland. ... Official language(s) None (English, de facto) Capital Annapolis Largest city Baltimore Largest metro area Baltimore-Washington Metropolitan Area Area  Ranked 42nd  - Total 12,407 sq mi (32,133 km²)  - Width 101 miles (145 km)  - Length 249 miles (400 km)  - % water 21  - Latitude 37° 53′ N to 39° 43′ N... Several landmarks from two New York Worlds Fairs still stand in Flushing Meadows, including the US Steel Unisphere Flushing is an urban neighborhood in the northern part of the borough of Queens in New York City, New York. ... This article is about the state. ... is the 113th day of the year (114th in leap years) in the Gregorian calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... BusinessWeek is a business magazine published by McGraw-Hill. ... is the 57th day of the year in the Gregorian calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ...

See also

• European Financial Services Roundtable

The European Financial Services Roundtable (EFSR) is a European organization, located in Brussels, Belgium, of financial service companies to provide a voice on policies of the European Union related to financial matters. ...

References

The Economist is an English-language weekly news and international affairs publication owned by The Economist Newspaper Ltd and edited in London. ... is the 193rd day of the year (194th in leap years) in the Gregorian calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... is the 203rd day of the year (204th in leap years) in the Gregorian calendar. ... is the 110th day of the year (111th in leap years) in the Gregorian calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... January 10 is the 10th day of the year in the Gregorian Calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... October 29 is the 302nd day of the year (303rd in leap years) in the Gregorian Calendar, with 63 days remaining. ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ... October 29 is the 302nd day of the year (303rd in leap years) in the Gregorian Calendar, with 63 days remaining. ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ... October 29 is the 302nd day of the year (303rd in leap years) in the Gregorian Calendar, with 63 days remaining. ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ... April 22 is the 112th day of the year in the Gregorian calendar (113th in leap years). ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... The Wall Street Journal is an influential international daily newspaper published in New York City, New York with an average daily circulation of 1,800,607 (2002). ... The University of Wollongong is a large University with approximately 21,000 students in the city of Wollongong, New South Wales, Australia. ... The International Herald Tribune is a widely read English language international newspaper. ... Bloomberg L.P. is the largest financial news and data company in the world, controlling 33% of market share. ... Bloomberg L.P. is the largest financial news and data company in the world, controlling 33% of market share. ... Fortune magazine is Americas second longest-running business magazine after Forbes magazine. ...

External links

• Official website
• Yahoo! - UBS AG Company Profile
• AdvancedTrading - UBS Trading Floor photo gallery
• UBS Launches Retaliatory Lawsuit Against HSH Nordbank

v • d • e SMI companies of Switzerland

ABB · Adecco · Bâloise · Clariant · Credit Suisse · Holcim · Julius Bär · Nestlé · Nobel Biocare · Novartis · Richemont · Roche · Swatch Group · Swiss Life · Swiss Re · Swisscom · Syngenta · Synthes · UBS · Zurich Financial Investment banks help companies and governments (or their agencies) raise money by issuing and selling securities in the capital markets (both equity and debt). ... ABN AMRO (Euronext: AAB, NYSE: ABN) was in the period of 1991 till 2007 one of the largest banks in Europe and had operations in about 63 countries around the world. ... Banc of America Securities LLC (BAS) is the investment banking subsidiary of Bank of America. ... BMO redirects here. ... Barclays Capital is the investment banking division of Barclays Bank plc. ... The Bear Stearns Companies, Inc. ... BNP Paribas (Euronext: BNP, TYO: 8665 ) is one of the main banks in Europe and France. ... CIBC World Markets, is the investment banking division of the Canadian Imperial Bank of Commerce. ... Citigroup Inc. ... The Credit Suisse Group (SWX:CSGN, NYSE: CS) is a financial services company, headquartered in Zürich, Switzerland. ... Deutsche Bank AG (pronounced [2]) (ISIN: DE0005140008, NYSE: DB) (literal translation - German Bank) is a leading global investment bank with a broad private clients franchise, headquartered in Frankfurt, Germany. ... Dresdner Kleinwort (DKIB) is the investment bank of Dresdner Bank AG, part of the Allianz Group since July 2001. ... The Goldman Sachs Group, Inc. ... Houlihan Lokey is a Los Angeles-headquartered investment bank that advises middle-market and large public and private companies. ... HSBC Holdings plc (traditional Chinese: ; pinyin: ) (LSE:HSBA, SEHK: 0005, NYSE: HBC, Euronext: HSBC, BSX: 1077223879) is the worlds largest financial group in terms of market capitalization. ... JPMorgan Chase (NYSE: JPM) is one of the oldest financial services firms in the world. ... Lazard Ltd. ... Lehman Brothers Holdings Inc. ... Macquarie Bank Limited is an Australian merchant bank and financial services group, providing a broad range of products and services to investors, corporations and government. ... Mediobanca was a company founded by Enrico Cuccia in 1946 to facilitate the post-WW2 reconstruction of Italian industry. ... Merrill Lynch & Co. ... Mizuho Corporate Bank Head Office in Marunouchi, Tokyo Mizuho Corporate Bank, Ltd. ... Morgan Stanley (NYSE: MS) is one of the largest and the most reputed investment banks headquartered in New York City. ... N. M. Rothschild and Sons, or simply Rothschild, is the investment bank company of the Rothschild family. ... Nomura Securities Co. ... Rabobank is a Dutch cooperative banking institution with offices all over the world, although primarily in the Netherlands. ... Raymond James is a regional financial services company based in the United States. ... The Royal Bank of Scotland Plc (Scottish Gaelic: [1]) is one of the retail banking subsidiaries of Royal Bank of Scotland Group plc, which together with NatWest, provides branch banking facilities in the United Kingdom. ... RBC Capital Markets is the corporate and investment banking division of Royal Bank of Canada (RBC). Depending on the jurisdiction, the division uses different broker dealer subsidiaries of RBC: Canada: RBC Dominion Securities Inc Europe: RBC Europe Limited US: RBC Capital Markets Corp and RBC Dain Rauscher Inc RBC Capital... Société Générale (Euronext: GLE) is one of the main European financial services companies and also maintains extensive activities in others parts of the world. ... Thomas Weisel Partners Group, Inc. ... For Moravian settlements in North Carolina, see Wachovia, North Carolina. ... Swiss Market Index (SMI) is a stock market index in Switzerland, which was introduced on June 30, 1988. ... ABB, formerly Asea Brown Boveri, is a multinational corporation headquartered in Zürich, Switzerland, operating mainly in the power and automation technology areas. ... Adecco S.A. is the largest human resources company in the world, based in Glattbrugg, Switzerland. ... Clariant is a Swiss speciality chemical company which was formed in 1995 as a spin off from Sandoz. ... The Credit Suisse Group is the second-largest financial services company in Switzerland, behind longtime rival UBS AG. It was founded in 1856 under the name Schweizerische Kreditanstalt (SKA, Swiss Credit Institution). ... Holcim depot on the Port of Onehunga grounds, Manukau Harbour, Auckland, New Zealand. ... Julius Bär Group or Julius Baer Group is a Swiss banking firm which is the parent company of Bank Julius Bär, a traditional private bank based in Zurich, Switzerland, which dates back to the year 1890 when it was founded by the famous banker Julius Bär. ... This article is about the company. ... Nobel Biocare is a company operating in dental implantology and aesthetic dental solutions. ... Novartis headquarters in Basel Suffern, New York: the sole Novartis pharmaceutical production facility in the United States. ... Compagnie Financière Richemont SA is a Swiss luxury goods company that was founded in 1988 by the South African billionaire businessman, Anton Rupert. ... F. Hoffmann–La Roche, Ltd. ... The Swatch Group Ltd. ... Swiss Life AG headquarters in Zurich The Swiss Life group is the largest life insurance company of Switzerland. ... 30 St Mary Axe - at 180 m, Swiss Res London headquarters is the 6th tallest building in London Swiss Re is the worlds second-largest reinsurance company (after Munich Re/ Münchener Rück), and the worlds largest life and health reinsurer. ... Swisscom AG is the leading telephone company in Switzerland. ... Syngenta AG is a large global agribusiness which markets seeds and crop protection products (pesticides). ... Zurich Financial Services Group is a major financial services group based in Zurich, Switzerland. ...

v • d • e Banks of Switzerland

Commercial Banks: Credit Suisse • CoopBank • MigrosBank • UBS Banking in Switzerland is characterized by stability, privacy and protection of clients assets and information. ... Image File history File links Flag_of_Switzerland. ... The Credit Suisse Group (SWX:CSGN, NYSE: CS) is a financial services company, headquartered in Zürich, Switzerland. ... Bold text Coop ... This article is about the Swiss enterprise and supermarket chain. ... Cantonal Banks: Aargauische Kantonalbank (AKB) • Appenzeller Kantonalbank (APPKB)  • Banca dello Stato del Cantone Ticino (BancaStato) • BEKB/BCBE (Banque Cantonale de Berne) • Banque Cantonale de Fribourg (FKB) • Banque Cantonale de Genève (BCGE) • Banque Cantonale du Jura (BCJU) • Banque Cantonale du Valais (BWKB) • Banque Cantonale Neuchâteloise (BCN) • Banque Cantonale Vaudoise (BCV) • Basellandschaftliche Kantonalbank (BLKB) • Basler Kantonalbank (BKB) • Glarner Kantonalbank (GLKB) • Graubündern Kantonalbank (GKB) • Luzerner Kantonalbank (LUKB) • Nidwaldner Kantonabank (NWKB) • Obwaldner Kantonalbank (OWKB) • St.Galler Kantonalbank (SGKB) • Shaffauser Kantonalbank (SHKB) • Schwyzer Kantonalbank (SZKB) • Thurgauer Kantonalbank (TKB) • Urner Kantonalbank (URKB) • Zuger Kantonalbank (ZugerKB) • Zürcher Kantonalbank (ZKB) The logo of the cantonal banks, with the motif of the cantonal banks Cantonal banks (German: Kantonalbank, French: Banque Cantonale, Italian: Banca Cantonale) are Swiss governmental-owned commercial banks, that use the canton that they are based in question as guarantee for the assets held there. ... Banque Cantonale de Genève (BCDG) is a publicly traded