Author : Lea O'Haire
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)
Book Synopsis The Financial Services Industry Through UBS by : Lea O'Haire
Download or read book The Financial Services Industry Through UBS written by Lea O'Haire and published by . This book was released on 2021 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: UBS is a Swiss Multinational Investment and Financial Services Company founded and based in Switzerland. It is also known as the Union Bank of Switzerland and is considered to be the largest Swiss Banking Institution. UBS is the largest private bank in the world. UBS holds a strong international presence in the Americas, EMEA (Europe, Middle East, Africa), and the Asian Pacific markets. They differentiate themselves apart from other companies in the financial services industry through the management of their investment and private banks along with their asset management businesses (UBS United States of America). The UBS company initially started out as the Bank of Winterthur, which was founded back in 1862. Due to heavy competition and rivalry in the markets, Winterthur went ahead and made the business decision to merge with other Swiss Banks, this conglomerate eventually became known as the Union Bank of Switzerland, or UBS. This merger occurred in 1988 and has remained in business ever since. The company's main products and services offered include private banking, wealth management, asset management, and investment banking services for private, corporate, and institutional clients. UBS also provides their financial services to clients on a global scale. They currently maintain a global investment bank as a primary market maker to buy and sell asserts. This bank is used to quote buy and sell prices of tradable assets held in inventory with the intention of making a profit off of the bid-ask spread (UBS United States of America). UBS operates in the financial services sector and offers different products and services to their clients on both a domestic and international level. Financial products are also known as chattels, and these are different financial products that last beyond the initial provision. Some examples of these products include stocks, bonds, loans, commodity assets, real estate, and insurance policies. Financial services, on the other hand, revolve around the management of money. Different companies, agencies, banks, etc. all work to manage their assets and client portfolios. Another common service that is usually offered is financial advice on behalf of their clients. Typically, financial services include acting as the intermediary. This includes the facilitation of transferring funds between savers and issuers of securities. Overall, services are considered to be task-oriented, and products include both tangible and intangible assets (UBS United States of America).