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privacy laws which prohibits unauthorized distribution of client information or data, subject to terms and conditions. Retrieved April 17, 2018. 96 Colloquially referred to as the "New UBS" to distinguish itself from the former Union Bank of Switzerland, the combined bank became the second largest in the world at the time, behind only the Bank of Tokyo-Mitsubishi. 47 UBS Investment Bank edit UBS Investment Bank's former offices in Stamford, Connecticut. 15 In late 2016, UBS established a blockchain technology research lab in London to advance its cyber security and encryption of client activities. Archived from the original on Retrieved.
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Ermotti, who had spent many years at what is now Bank of America Merrill Lynch, had joined UBS in April from UniCredit Group ; Kengeter was a German national who joined UBS from Goldman Sachs in 2008 and who had reportedly disagreed with some UBS. 191 After a.56 billion lawsuit was filed against UBS and other Swiss banks on behalf of the Jewish victims of the Holocaust, a settlement was reached that totaled US1.25 billion in August 1998. "Swiss Bank in deal to buy.G. Scully and Dieter Wemmer were elected as new members of the Board. 205 These agreements ensured a line of communication between the tax agencies and all registered Swiss banks. The Swiss government has taken steps to curb the usage of hidden services by foreign account holders as they have been frequently used to facilitate the transfer of " black money ". UBS Financial Services (left) in Frankfurt, 2012 The arrival of former Drexel Burnham Lambert investment banker Ken Moelis marked a major coup for Costas. "UBS cuts 10,000 jobs as it slims down investment bank arm". A b c d e "UBS.
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