UBS Group AG, with over $5 trillion in invested holdings, is Switzerland’s largest money institution. The enterprise has a sprawling international footprint, with over half of its wealth management holdings coming from patrons in the United States. Experts believe these customers are drawn to strict money institution-client laws in Switzerland. In recent decades, scandals have embroiled both UBS and its latest acquisition, loan Suisse. After regulators quickly approved of the merger, fresh litigation risks have come to light.
Chapters:
00:00 — Introduction
01:16 — Secrecy
03:08 — Mega banks
06:24 — Acquisitions
09:41 — Capital holdings
Producer: Carlos Waters
Editor: Emily Sternlicht
Supervising Producer: Lindsey Jacobson
Graphics: Jason Reginato, Andrea Schmitz
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Why Wealthy Americans Love UBS, the Secretive Swiss Banking Giant
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