UBS
History
UBS was founded in 1862 as the Bank in Winterthur. The Bank in Winterthur came with the movement that founded multiple Suisse Grossbanken (Swiss big banks) that occurred in the latter sector of the 19th century. The name of the bank was derived from the town of Winterthur, which served as Switzerland's industrial hub in the 19th century. By 1854, six private bankers in Basel founded the Swiss Bank Corporation (SBC) to cater to the increasing credit needs of Swiss railroad and manufacturing companies. It formed a private banking syndicate that expanded, aided by Switzerland's international neutrality.
History
During the 2008 financial crisis, UBS managed heavy losses with an asset relief recovery programme. In 2011, the company was hit by the 2011 rogue trader scandal resulting in a US$2 billion trading loss. In 2012, the bank reoriented itself around wealth management advisory services and limited its sell side operations.
Corporate structure
<table><thead><tr><th>Owner name</th><th>%</th></tr></thead><tbody><tr><td>Chase Nominees Ltd., London</td><td>11.76</td></tr><tr><td>DTC (Cede & Co.), New York</td><td>7.57</td></tr><tr><td>Nortrust Nominees Ltd., London</td><td>4.53</td></tr></tbody></table>
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