UBS
Multinational investment bank headquartered in Switzerland
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| March 2025 | Sergio Ermotti receives SFr14.9 million ($16.8 million) in compensation, becoming Europe's highest-paid bank executive. |
| December 2024 | Parliamentary commission released a report concluding that Credit Suisse had mismanaged its finances, leading to its collapse, while finding no mistakes by Swiss authorities. |
| 2023 | Ralph Hamers' leadership of UBS concludes |
| 2023 | Over $9 billion in legal claims were pending in US and Swiss courts, primarily related to the controversial AT1 bonds write-off during the acquisition. |
| 2023 | UBS announced a record profit of nearly $30 billion in the second quarter following the acquisition of Credit Suisse. |
| September 2023 | The US Department of Justice began investigating UBS for alleged compliance failures by Credit Suisse that may have enabled Russian clients to dodge sanctions, though UBS later stated they were unaware of such a probe. |
| August 2023 | UBS settled with the US Justice Department, agreeing to pay $1.43 billion in civil penalties for allegations of fraud and misconduct in residential mortgage-backed securities offerings from 2006 and 2007. |
| August 2023 | UBS declared job losses in Switzerland would be 3,000, noting that 8,000 Credit Suisse employees had already left since the start of 2023. |
| August 2023 | UBS announced that money outflows at Credit Suisse had stopped. |
| August 11 2023 | UBS announces the termination of the CHF9 billion backstop with the Swiss government and the CHF100 billion liquidity backstop with the Swiss National Bank. |
| July 2023 | UBS was fined $269 million by the Federal Reserve and $119 million by the Bank of England for Credit Suisse's failure in risk management related to Archegos's collapse. |
| June 28 2023 | UBS revealed plans to lay off more than half of Credit Suisse's employees, focusing on traders and support staff in London, New York, and some Asian divisions. |
| June 14 2023 | Switzerland formed a parliamentary commission to investigate the collapse of Credit Suisse. |
| June 12 2023 | UBS completed the acquisition of Credit Suisse, finalizing the merger that was initially agreed upon in March 2023. |
| June 12 2023 | Swiss government and UBS sign a contract where the government agrees to pay UBS up to CHF9 billion if the acquisition results in a loss. |
| April 2023 | The Swiss Attorney General's office initiates an investigation into potential criminal offenses related to the Credit Suisse acquisition by UBS, with investigation results to be sealed for 50 years. |
| April 2023 | Credit Suisse holds a shareholders' meeting where CEO Ulrich Körner admits the bank's failure, stating 'We didn't succeed. We ran out of time. This fills me with sorrow'. |
| April 5 2023 | Sergio Ermotti is reappointed as CEO of UBS Group, replacing Hamers. |
| March 2023 | A gfs.bern research institute survey reveals that 54% of Swiss citizens disagree with the emergency rescue plan for Credit Suisse, with 61% preferring state nationalization. |
| March 19 2023 | Regulators from multiple countries anticipate that Credit Suisse would not have been able to open for business without a bailout or acquisition. |
| March 19 2023 | Swiss Federal Council holds an emergency meeting to allow the merger of UBS and Credit Suisse without shareholder approval, providing liquidity assistance and a governmental default guarantee. |
| March 19 2023 | UBS Group AG agreed to buy Credit Suisse in an all-stock deal brokered by the Swiss government and Swiss Financial Market Supervisory Authority, with support from the Swiss National Bank providing over billions in liquidity and the Swiss government guaranteeing potential losses. |
| March 17 2023 | BlackRock investment management company considers and then drops out of potentially acquiring parts of Credit Suisse, reportedly to avoid angering UBS. |
| March 15 2023 | Swiss National Bank provides Credit Suisse with an emergency line of credit of $55 billion to stabilize the bank amid growing financial concerns. |
| March 15 2023 | Saudi National Bank chairman Ammar Al Khudairy publicly states they will not invest further in Credit Suisse during a Bloomberg Television interview at a Riyadh conference, causing investor panic and a sharp decline in Credit Suisse's stock and bond prices. |
| 2022 | Axel Weber's chairmanship of UBS concludes after a decade of leadership. |
| October 2022 | Social media rumors about the bank's potential collapse triggered financial uncertainty, leading to significant wealth management business outflows. |
| September 2022 | The Wealthfront acquisition was mutually terminated, with UBS instead investing $69.7 million in a convertible note into Wealthfront shares. |
| June 2022 | UBS successfully repositioned itself as a leading global wealth management and private banking institution, having effectively navigated post-financial crisis regulatory environments and strategic challenges. |
| April 2022 | Colm Kelleher becomes Chairman of UBS, succeeding previous leadership. |
| January 2022 | UBS agreed to acquire Wealthfront for $1.4 billion to accelerate growth in the US. |
| 2021 | UBS acquired a 31% stake in IMECL (ICO Markets Exchange Clearing Limited), a digital asset exchange and regulatory company in the European digital asset market, enabling financial institutions and private clients to trade securities through an alternative settlement process. |
| 2021 | Credit Suisse suffered significant losses associated with the collapses of Archegos Capital and Greensill Capital, damaging the bank's investment banking performance. |
| December 2021 | UBS was criminally convicted by a French appeals court for 'illegal banking activities', money laundering, and 'aggravated tax fraud', and fined €1.8 billion. The bank stated it would appeal the decision. |
| July 2021 | During the COVID-19 pandemic, UBS announced continued support for flextime and remote work for many employees. |
| July 2021 | During the COVID-19 pandemic, UBS announced it would continue to allow flextime and remote work for many employees. |
| April 2021 | UBS reported a $774 million loss from the collapse of US investment fund Archegos Capital Management. |
| 2020 | Ralph Hamers becomes Chief Executive of UBS, taking over from Sergio Ermotti |
| 2020 | Tidjane Thiam's tenure as CEO of Credit Suisse ended after five years of leadership. |
| January 2020 | UBS announced a comprehensive digital transformation strategy, aiming to enhance its technological capabilities and improve client services in private banking and wealth management. |
| January 1 2020 | Beginning of a period where Credit Suisse's internal control over financial reporting was flagged as problematic by auditor PwC, continuing through 2022. |
| 2019 | UBS was listed in the Top 50 World's Most Attractive Employers Global Business Ranking by Universum Global Survey. |
| October 2019 | UBS joined the UN's Global Investors for Sustainable Development Alliance (GISD), committing to raise US$5 billion in SDG-related impact investments by the end of 2021, with the goal of creating a measurable positive social or environmental impact. |
| June 2019 | UBS completed major organizational changes, further consolidating its strategy of emphasizing private banking and wealth management services while minimizing risk in investment banking sectors. |
| February 2019 | French court fined UBS $4.9 Billion for helping clients evade taxes. |
| 2018 | UBS operations in Switzerland and the United States were ranked first and second respectively on the Financial Secrecy Index. |
| 2018 | Global Finance named UBS the Best Private Bank in the World and Global Winner in the World's Best Investment Banks category. |
| 2018 | RobecoSAM named UBS the industry group leader in Diversified Financials in the Dow Jones Sustainability Index for the third consecutive year. |
| 2018 | UBS created a digital clone of Daniel Kalt, its chief economist, using an interactive AI avatar developed by FaceMe and powered by IBM's Watson AI technology. The avatar can meet with clients via television screen and respond to their questions. |
| 2018 | UBS held 0.72% of shares in HikVision, a surveillance camera subsidiary of the Chinese military conglomerate CETC. |
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This contents of the box above is based on material from the Wikipedia articles UBS tax evasion controversies, Acquisition of Credit Suisse by UBS & UBS, which are released under the Creative Commons Attribution-ShareAlike 4.0 International License.