UBS in the context of "Systemically important financial institution"

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⭐ Core Definition: UBS

UBS Group AG (stylized simply as UBS) is a Swiss multinational investment bank and financial services firm founded and based in Switzerland, with headquarters in both Zurich and Basel. It holds a strong foothold in all major financial centres as the largest Swiss banking institution and the world's largest private bank. UBS manages the largest amount of private wealth in the world, counting approximately half of The World's Billionaires among its clients, with over US$6 trillion in assets (AUM). Based on international deal flow and political influence, the firm is considered one of the "biggest, most powerful financial institutions in the world". UBS is also a leading market maker and one of the eight global 'Bulge bracket' investment banks. Due to its large presence across the Americas, EMEA and Asia–Pacific markets, the Financial Stability Board considers it a global systemically important bank and UBS is widely considered to be the largest and most sophisticated "truly global investment bank" in the world, given its market-leading positions in every major financial centre globally.

UBS investment bankers and private bankers are known for their strict bank–client confidentiality and culture of banking secrecy. Apart from private banking, UBS provides wealth management, asset management and investment banking services for private, corporate and institutional clients with international service. The bank also maintains numerous underground bank vaults, bunkers and storage facilities for gold bars around the Swiss Alps and internationally. UBS acquired rival Credit Suisse in an emergency rescue deal brokered by the Swiss government and its Central bank in 2023, following which UBS' AUM increased to over $5 trillion along with an increased balanced sheet of $1.6 trillion.

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UBS in the context of Miami

Miami is a coastal city in the U.S. state of Florida. It is the second-most populous city proper in Florida, with a population of 442,241 at the 2020 census. The Miami metropolitan area in South Florida has an estimated 6.46 million residents, ranking as the third-largest metropolitan area in the Southeast and sixth-largest metropolitan area in the United States. Miami has the third-largest skyline in the U.S. with over 300 high-rises, 70 of which exceed 491 ft (150 m). It is the county seat of Miami-Dade County.

Miami is a major center and leader in finance, commerce, culture, arts, and international trade. Miami's metropolitan area is by far the largest urban economy in Florida, with a 2017 gross domestic product of $344.9 billion. In a 2018 UBS study of 77 world cities, Miami was the third-richest city in the U.S. and the third-richest globally in purchasing power. Miami is a majority-minority city, with 70.2 percent of the city's population identifying as Hispanic and Latino as of 2020.

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UBS in the context of List of countries by wealth per adult

This is a list of countries of the world by wealth per adult, from UBS's Global Wealth Databook. Wealth includes both financial and non-financial assets.

UBS publishes various statistics relevant for calculating net wealth. These figures are influenced by real estate prices, equity market prices, exchange rates, liabilities, debts, adult percentage of the population, human resources, natural resources and capital and technological advancements, which may create new assets or render others worthless in the future.

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UBS in the context of Credit Suisse

Credit Suisse Group AG (French pronunciation: [kʁe.di sɥis], lit.'Swiss Credit') was a global investment bank and financial services firm founded and based in Switzerland. According to UBS, eventually Credit Suisse was to be fully integrated into UBS. While the integration was yet to be completed, both banks are operating separately. However, on May 31, 2024, it was announced that Credit Suisse ceased to exist. Headquartered in Zürich, as a standalone firm, it maintained offices in all major financial centres around the world and provided services in investment banking, private banking, asset management, and shared services. It was known for strict bank–client confidentiality and banking secrecy. The Financial Stability Board considered it to be a global systemically important bank. Credit Suisse was also a primary dealer and Forex counterparty of the Federal Reserve in the United States.

Credit Suisse was founded in 1856 to fund the development of Switzerland's rail system. It issued loans that helped create Switzerland's electrical grid and the European rail system. In the 1900s, it began shifting to retail banking in response to the elevation of the middle class and competition from fellow Swiss banks UBS and Julius Bär. Credit Suisse partnered with First Boston in 1978 before buying a controlling share of the bank in 1988. From 1990 to 2000, the company purchased institutions such as Winterthur Group, Swiss Volksbank, Swiss American Securities Inc. (SASI), and Bank Leu.

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UBS in the context of Fondation Beyeler

The Beyeler Foundation or Fondation Beyeler, with its museum in Riehen, near Basel (Switzerland), owns and oversees the art collection of Hildy and Ernst Beyeler, which features modern and traditional art. The Beyeler Foundation museum includes a space for special exhibitions staged to complement the permanent collection, which is not on public display. In 2006, approximately 340,000 persons visited the museum. In 2016, the number of visitors was 332,000, and it was the most visited art museum in Switzerland. The museum is properly funded, and it receives annual grants from the cantons of Basel City and Basel County and the commune of Riehen. Major partners of the Foundation are Bayer AG, Novartis and Swiss bank UBS.

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UBS in the context of David Freud, Baron Freud

David Anthony Freud, Baron Freud, PC (born 24 June 1950) is a British politician, life peer, and former investment banker who served as Minister for Welfare Reform from 2010 to 2016. Before he joined the Conservative Party, he was vice-chairman of investment banking at UBS and a government adviser on welfare reform.
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UBS in the context of Center for Financial Studies

The Center for Financial Studies (CFS; German: Gesellschaft für Kapitalmarktforschung) is an independent research institute located in the House of Finance on the campus of Goethe University Frankfurt. CFS conducts independent and internationally oriented research in the field of finance of relevance to the European financial sector. It serves as a forum for dialogue between academia, policy makers and the financial industry.

Axel A. Weber, former President of Deutsche Bundesbank and former Chairman of the Board of Directors of UBS Group AG, is the President and Chairman of the Board of Trustees. Otmar Issing is Honorary President. Andreas Hackethal and Rainer Klump are scientific directors. The managing director is Volker Brühl. The institute's sponsoring association is chaired by Jürgen Fitschen, former co-head of Deutsche Bank.

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