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What does UBS in the financial industry stand for?
UBS Group AG

Full name-

UBS (English version)

(2) UBS (Chinese version)

Introduction-

At first, there were eight big banks in Switzerland. After many mergers and reorganizations, especially 1993 and 1997, there have been two heavyweight "elephant marriages" (credit banks and people's banks, joint banks and banking companies). Today, there are only two big banks in Switzerland, namely UBS Group AG and Credit Suisse Group. But for these two companies, their total assets and liabilities account for 62% of the entire Swiss banking industry, and the number of employees accounts for 52.7% of the total number of bank employees. They cover more than 40% of credit business and nearly 40% of real estate mortgage business in Switzerland, and Swiss inter-bank business is mainly undertaken by them. The main business departments of big banks also include asset management, stock trading, foreign exchange trading, precious metal trading, letter of credit, guarantee and financial derivatives trading. Their branches and service networks are all over the world. After the merger, UBS's total assets and total liabilities ranked fourth in the world. After merging with Fengtai Insurance Company, the second largest insurance company in Switzerland, Credit Suisse Group became one of the largest financial services groups in the world, ranking first in the field of asset management of private and public institutions. )

In the ranking of global 100 large companies published by Barron's Weekly in 2006, this enterprise ranked 48th.