UBS
UBS is a Swiss bank that manages money for wealthy clients around the world and also serves households and companies in Switzerland, earning most of its income from fees and trading rather than interest.
It swallowed Credit Suisse and is still cutting costs.
Since buying its biggest Swiss rival in 2023, UBS has taken billions out of the combined cost base while moving clients onto one platform.
How big is UBS?
Half of it comes from wealth management.
- Global Wealth Management51%$26.0B
- Investment Bank24%$12.3B
- Personal & Corporate Banking18%$9.2B
- Asset Management6%$3.2B
Hold the world's wealth. Charge to manage it.
- 1Wealthy clients' assets
- 2Fees on managed money
- 3Against those same assets
Most revenue is fees and trading, so markets and client assets drive earnings more than interest margins.
- BlackRock Inc.5.01%
CEO: Sergio P. Ermotti
- 1862The Bank in Winterthur is founded
- 1964Starts building in Asia Pacific
- 1998Union Bank of Switzerland and Swiss Bank Corporation merge into UBS
- 2000Acquires PaineWebber
- 2008Significant losses in the financial crisis
Every number on this page comes from UBS's own reports.
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