early 1960s. 72 Although the bank suffered in the aftermath of World War I and the Great Depression, it was able to make several smaller acquisitions ; in 1937 it established Intrag AG, an asset management business responsible for investment trusts, (i.e. Retrieved b Cimilluca, Dana. The Swiss government sold its CHF 6 billion stake in UBS in late 2008 at a large profit; Switzerland had purchased convertible notes in 2008 to help UBS clear its balance sheets of toxic assets. Kelly, Jemima (August 24, 2016). "Wealth management boosts UBS profit but future uncertain". 41 At the time of the acquisition, the business managed in excess of US30 billion in assets.
"Germany Probes UBS Staff on Tax-Evasion Allegations". 89 Looking to take advantage of the situation, Credit Suisse approached Union Bank of Switzerland about a merger that would have created the second largest bank in the world in 1996. 83 The acquisition propelled Credit Suisse ahead of Union Bank of Switzerland as the largest bank in Switzerland for the first time.
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Retrieved Meier, Barry (29 November 1998). UBS was the sponsor of the Alinghi sailing ship, winner of the Americas Cup in 2003. "A tale of two bankers". 17 31 Two-thirds of the total invested assets come from Europe and Switzerland, with the final one-third coming mainly from the Asia-Pacific region. The Independent (London 20 November 1997 A Swiss Bank Raises Loss on Derivatives. Nb 3, during the early 2000s, the commensurate rise of UBS and. 231 On, for the 4th consecutive year, UBS Wealth Management won the Best Global Private Bank title, as well as the Best Private Bank in Asia award for the 5th consecutive year. "UBS to Cut 3,500 Jobs, Half in Investment Banking". By the end of 1918, the bank had recovered and surpassed CHF 1 billion in total assets and grew to 2,000 employees by 1920.