UBS Group

UBS used to be one of a pair of gigantic Swiss banking groups, until its great rival Credit Suisse failed in 2023. UBS acquired the company that year in a 3 billion Swiss franc all-shares emergency deal, brokered and guaranteed by the Swiss government, leaving it with $5 trillion in invested assets. That acquisition marked the culmination of more than a century of consolidation in the country’s financial sector: UBS was formed through mergers and acquisitions of hundreds of banks, the earliest founded in 1747. The group, which is headquartered in Zurich, is focused primarily on global wealth management and private banking—representing just over half of its revenues—alongside investment banking, asset management, and retail banking in Switzerland itself.