UBS (Union Bank of Switzerland) is a Swiss multinational investment bank and financial services company headquartered in Zurich, Switzerland. It is one of the largest and most prominent banks in the world, with a strong presence in both Europe and the United States.
UBS was formed in 1998 when Union Bank of Switzerland merged with Swiss Bank Corporation. The bank provides a wide range of financial services to individuals, corporations, and institutions, including wealth management, investment banking, asset management, and retail banking.
UBS is known for its strong commitment to sustainability and responsible investment, and has been recognized as one of the world's most sustainable companies by various organizations. The bank has also been involved in several high-profile legal cases, including a tax evasion scandal in the United States and a large-scale fraud case in France.
As of 2021, UBS employs over 70,000 people in more than 50 countries, and has assets under management of over $2.6 trillion.