Union Bank of Switzerland (UBS) was a huge integrated financial services company located in Switzerland. The bank, which at the time was the second biggest bank in Switzerland, merged with Swiss Bank Corporation in 1998, to become UBS to form what was then the greatest bank in Europe and the second biggest bank in the World. UBS, in the first place known as the Swiss Banking Association, was formed in 1912 through the merger of the Bank in Winterthur and Toggenburger Bank, both founded in the early 1860s. UBS then continued to grow through acquisitions, including Aargauische Kreditanstalt in 1919, Eidgenössische Bank in 1945, Interhandel Basel in 1967, Phillips & Drew in 1986, and Schroder, Munchmeyer, Hengst & Co. in 1997 amongst others. The historical UBS logo features a horizontal acronym "UBS" referring to the "Union Bank of Switzerland", "Union de Banques Suisses" or "Unione di Banche Svizzere". The vertical acronym "SBG" refers to the name of the bank in German "Schweizerische Bankgesellschaft". "UBS" ceased to be considered a representational abbreviation for the Union Bank of Switzerland after the bank's 1998 merger with Swiss Bank Corporation and is today considered a standalone brand. | ||||||||||||||||||||||
CHF 416.0 billion (1996)Tags: swiss banking association report, job, swiss banking association report 2008, swiss banking association report 2006, bank, association, swiss
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