# UBS (post-Credit Suisse acquisition)

> Source: https://docs.barcoder.ai/docs/wallets/ubs
> research date 2026-05-29 · extracted at 2026-10-07
> Publisher: Barcoder — encyclopedia of QR, barcode and payment-code standards

Specifications:
- [UBS — official](https://www.ubs.com/)

## Overview

**UBS** is **the world's only truly global wealth manager** + **Switzerland's leading bank** (post-March 2023 emergency acquisition of Credit Suisse) <sup>[1][1], [2][2], [Switzerland report](https://docs.barcoder.ai/docs/payments/CH)</sup>. **2025 baseline**: **USD7+ trillion invested assets (+15% YoY)** + **USD7.77 billion net profit for 2025** + **USD10.7 billion cumulative gross cost savings from Credit Suisse integration** (above $10B guidance) + **all client accounts booked outside Switzerland transitioned to UBS platforms + 85% of Switzerland-booked accounts transitioned**.

**Distinctive UBS positioning** <sup>[1][1], [3][3], [4][4]</sup>:
- **World's only truly global wealth manager** post-March 2023 Credit Suisse emergency acquisition
- **Switzerland's leading bank** post-Credit Suisse acquisition
- **USD7+ trillion invested assets** (+15% YoY in 2025)
- **USD7.77 billion net profit for 2025**
- **USD10.7 billion cumulative gross cost savings** from Credit Suisse integration (above $10B guidance)
- **Credit Suisse integration completion on track by end of 2026**
- **March 19, 2023 emergency Credit Suisse acquisition**: UBS acquired Credit Suisse for CHF 3 billion in Swiss-government-brokered deal (distinctive largest banking acquisition in Swiss history; distinctive global systemically important bank rescue)

## History

**1862 — Swiss Bank Corporation (SBC)** + **1872 — Union Bank of Switzerland (UBS)** founded — distinctive Swiss banking heritage.

**1998 — UBS + Swiss Bank Corporation merger** to form modern UBS Group — distinctive Swiss mega-bank consolidation.

**2008 — UBS receives Swiss government rescue** post-2008 financial crisis subprime exposure.

**March 19, 2023 — UBS acquires Credit Suisse for CHF 3 billion** in Swiss-government-brokered emergency deal <sup>[2][2]</sup> — distinctive largest banking acquisition in Swiss history + distinctive global systemically important bank rescue.

**2024-2026 — UBS Credit Suisse integration timeline** (on track for end of 2026 completion) <sup>[3][3]</sup>.

**2025 — UBS USD7.77B net profit + USD10.7B cumulative gross cost savings + USD7+T invested assets (+15% YoY) + all client accounts booked outside Switzerland transitioned + 85% Switzerland-booked accounts transitioned** <sup>[1][1], [4][4]</sup>.

## Ownership & operator

**Operating entity**: **UBS Group AG** (SIX Swiss Exchange: UBSG; NYSE: UBS) + **UBS AG** (operating subsidiary).

**Major shareholders**: **BlackRock + Vanguard + Norges Bank + various Swiss + international institutional + SIX Swiss Exchange + NYSE public floats** (widely held; no single controlling shareholder).

**Regulators**: **FINMA (Swiss Financial Market Supervisory Authority) + SNB (Swiss National Bank) + ECB + per-country (FED + OCC US + others)**.

## Technical integration

| Layer | Description |
|---|---|
| **Channels** | UBS Mobile Banking app (iOS + Android; primary CH retail-banking mobile channel) + UBS Online Banking + UBS cards (Visa + Mastercard + AmEx) + UBS branch network (CH + global) + UBS Key4 (UBS's distinctive Swiss digital banking app for young customers) |
| **Identifiers** | Email + card number + IBAN |
| **CH + EU rails** | **[TWINT](https://docs.barcoder.ai/docs/standards/twint)** (Swiss TWINT national mobile-payment app; UBS founding-bank participant) + **SEPA Instant Credit Transfer** (EU SEPA Instant) |
| **License** | Bank (UBS full Swiss banking license; world's only truly global wealth manager + Switzerland's leading bank post-Credit Suisse acquisition) |
| **Sub-products** | UBS Wealth Management (world's largest) + UBS Investment Bank + UBS Asset Management + UBS Personal & Corporate Banking (Switzerland) + UBS Key4 (Swiss digital banking app for young customers) + UBS Mobile Banking + UBS Online Banking + UBS cards (Visa + Mastercard + AmEx) + UBS Family Office + UBS Private Banking + UBS Global Wealth Management |
| **Distinctive March 19, 2023 Credit Suisse emergency acquisition**: CHF 3B Swiss-government-brokered deal (distinctive largest banking acquisition in Swiss history) |
| **Distinctive USD7+ trillion invested assets** (world's largest wealth manager) |
| **TWINT founding-bank participant**: UBS is co-founder of Swiss TWINT national mobile-payment app |

## Users & growth

**2025 baseline** <sup>[1][1], [3][3], [4][4]</sup>:
- **World's only truly global wealth manager** + **Switzerland's leading bank** post-Credit Suisse acquisition
- **USD7+ trillion invested assets** (+15% YoY in 2025)
- **USD7.77 billion net profit for 2025**
- **USD10.7 billion cumulative gross cost savings** from Credit Suisse integration (above $10B guidance)
- **Credit Suisse integration completion on track by end of 2026**: All client accounts booked outside Switzerland transitioned + 85% Switzerland-booked accounts transitioned

## Use cases

Swiss + multi-country (30+ countries) wealth management + personal & corporate banking + investment banking + asset management via UBS Mobile Banking + UBS Online + UBS Key4 (Swiss digital banking for young customers) + cards + branches; Swiss TWINT national mobile-payment app (UBS founding-bank participant); SEPA Instant; UBS Wealth Management (world's largest) + UBS Family Office + UBS Private Banking + UBS Global Wealth Management.

## Implementations & partners

**Operator**: **UBS Group AG** (SIX Swiss Exchange: UBSG; NYSE: UBS) + **UBS AG** operating subsidiary.

**Major shareholders**: **BlackRock + Vanguard + Norges Bank + Swiss + international institutional + SIX Swiss Exchange + NYSE public floats** (widely held; no single controlling shareholder).

**Major Swiss banking competitors**:
- **PostFinance** (Swiss state-owned bank operated by Swiss Post; Switzerland's largest retail bank by customers)
- **Raiffeisen Switzerland** (Swiss cooperative bank; major Swiss retail bank)
- **Zürcher Kantonalbank (ZKB)** (Zurich Canton state-owned bank; major Swiss cantonal bank)
- **Swiss cantonal banks** (24 Swiss cantonal banks)
- **Julius Bär** (Swiss private bank)
- **Pictet** (Swiss private bank)
- **Lombard Odier** (Swiss private bank)
- **Vontobel** (Swiss private bank)
- **EFG International** (Swiss private bank)

**TWINT consortium founding-bank participant**: UBS + Credit Suisse (now part of UBS) + ZKB + PostFinance + Raiffeisen + 8 other Swiss banks.

**Global wealth management competitors**: **Morgan Stanley Wealth Management + JPMorgan Private Bank + Goldman Sachs Private Wealth Management + BNP Paribas Wealth Management + HSBC Private Banking + Credit Agricole Indosuez Wealth Management** + others.

**Regulators**: **FINMA + SNB + ECB + per-country (FED + OCC US + others)**.

## Fun facts

- **World's only truly global wealth manager** post-March 19, 2023 Credit Suisse emergency acquisition.
- **Switzerland's leading bank** post-Credit Suisse acquisition.
- **USD7+ trillion invested assets** (+15% YoY in 2025).
- **USD7.77 billion net profit for 2025** + **USD10.7B cumulative gross cost savings** from Credit Suisse integration (above $10B guidance).
- **1862 Swiss Bank Corporation (SBC) + 1872 Union Bank of Switzerland (UBS) founding** — distinctive Swiss banking heritage.
- **1998 UBS + Swiss Bank Corporation merger** to form modern UBS Group.
- **2008 UBS receives Swiss government rescue** post-2008 financial crisis.
- **March 19, 2023 UBS acquires Credit Suisse for CHF 3 billion** in Swiss-government-brokered emergency deal — distinctive **largest banking acquisition in Swiss history** + distinctive global systemically important bank rescue.
- **UBS Credit Suisse integration completion on track by end of 2026**: All client accounts booked outside Switzerland transitioned + 85% Switzerland-booked accounts transitioned.
- **TWINT founding-bank participant** for Swiss national mobile-payment app.
- **UBS Key4** distinctive Swiss digital banking app for young customers.

## Comparison

| Feature | UBS (post-Credit Suisse acquisition) | PostFinance (Swiss state-owned bank; Switzerland's largest retail bank by customers) | Raiffeisen Switzerland (Swiss cooperative bank rival) | [Chase Mobile (JPMorgan Chase)](https://docs.barcoder.ai/docs/wallets/chase-mobile) (US's #1 bank by assets comparable global mega-bank) | [HSBC UK Mobile Banking + First Direct](https://docs.barcoder.ai/docs/wallets/hsbc-uk) (Global UK-anchored international bank comparable wealth management) |
|---|---|---|---|---|---|
| Operator | **UBS Group AG (SIX Swiss Exchange: UBSG; NYSE: UBS; widely held: BlackRock + Vanguard + Norges Bank + Swiss + international institutional + SIX Swiss Exchange + NYSE public floats; no single controlling shareholder) + UBS AG operating subsidiary** | PostFinance (Swiss Post state-owned bank) | Raiffeisen Schweiz (Swiss cooperative bank) | JPMorgan Chase & Co. (NYSE: JPM; widely held) | HSBC Holdings (LSE: HSBA + HKEX: 5 + NYSE: HSBC; widely held) |
| Type | **World's only truly global wealth manager + Switzerland's leading bank post-Credit Suisse acquisition + USD7+ trillion invested assets + USD7.77B net profit 2025 + UBS Key4 Swiss digital banking app for young customers + TWINT founding-bank participant + 30+ countries** | Swiss state-owned bank + Switzerland's largest retail bank by customers + Swiss Post subsidiary | Swiss cooperative bank + major Swiss retail bank | US #1 bank by assets + Chase Mobile + J.P. Morgan Wealth Management + Chase UK | UK Big-4 + global UK-anchored international bank + First Direct subsidiary + HSBC Holdings 60+ countries |
| Country | CH + 30+ other countries | Switzerland primary | Switzerland | US + GB | UK + 60+ countries |
| Users | **USD7+ trillion invested assets (+15% YoY 2025); USD7.77B net profit 2025; USD10.7B cumulative gross cost savings from Credit Suisse integration** | CH state-owned major | Swiss cooperative major | JPMorgan Chase 91M+ customers across segments | 15M UK customers + 7M+ registered mobile banking customers + 1.7B+ logins past year |
| Distinctive | **1862 SBC + 1872 UBS founding; 1998 UBS + SBC merger; 2008 Swiss government rescue post-financial crisis; Mar 19 2023 UBS acquires Credit Suisse for CHF 3B Swiss-government-brokered emergency deal (largest banking acquisition in Swiss history + global systemically important bank rescue); UBS Credit Suisse integration completion on track by end of 2026 (all client accounts booked outside Switzerland transitioned + 85% Switzerland-booked accounts transitioned); UBS Key4 Swiss digital banking app for young customers; TWINT founding-bank participant** | Swiss Post state-owned bank; Switzerland's largest retail bank by customers | Swiss cooperative bank; major Swiss retail bank | 1799 Manhattan Company predecessor; 2000 Chase Manhattan + J.P. Morgan merger; 91M+ customers; J.P. Morgan Wealth Management; Chase UK | 1865 Hong Kong founding by Sir Thomas Sutherland; 1991 HSBC Holdings UK domicile + LSE primary listing; First Direct subsidiary |

## Status

**Active, world's only truly global wealth manager + Switzerland's leading bank post-March 2023 Credit Suisse acquisition** <sup>[1][1], [3][3]</sup>:
- **UBS Group AG** (SIX Swiss Exchange: UBSG; NYSE: UBS) since 1998 (UBS + Swiss Bank Corporation merger; original SBC 1862 + UBS 1872).
- **USD7+ trillion invested assets** (+15% YoY 2025) + **USD7.77 billion net profit for 2025** + **USD10.7B cumulative gross cost savings**.
- **March 19, 2023 Credit Suisse emergency acquisition**: CHF 3B Swiss-government-brokered deal (distinctive largest banking acquisition in Swiss history).
- **Credit Suisse integration completion on track by end of 2026**.
- **TWINT founding-bank participant** for Swiss national mobile-payment app.
- **UBS Key4** distinctive Swiss digital banking app for young customers.
- **FINMA + SNB + ECB + per-country regulated**.

## Sources

[1]: https://www.ubs.com/global/en/investor-relations/financial-information/annual-reporting.html "2025 in retrospect — UBS Global"
[2]: https://en.wikipedia.org/wiki/UBS "UBS — Wikipedia"
[3]: https://www.familywealthreport.com/article.php/UBS-Says-On-Track-To-Complete-Credit-Suisse-Integration-By-Year-End "UBS Says On Track To Complete Credit Suisse Integration By Year End — Family Wealth Report"
[4]: https://hubbis.com/news/ubs-reports-usd7-77-billion-net-profit-for-2025-amid-credit-suisse-integration-progress "UBS Reports USD7.77 Billion Net Profit for 2025 Amid Credit Suisse Integration Progress — Hubbis"
[ch-cro]: https://docs.barcoder.ai/docs/payments/CH

- [1] [2025 in retrospect — UBS Global][1]
- [2] [UBS — Wikipedia][2]
- [3] [UBS Says On Track To Complete Credit Suisse Integration By Year End — Family Wealth Report][3]
- [4] [UBS Reports USD7.77 Billion Net Profit for 2025 Amid Credit Suisse Integration Progress — Hubbis][4]
- <sup>[Switzerland report](https://docs.barcoder.ai/docs/payments/CH)</sup> In-corpus: `reports/countries/CH-switzerland.md`

## Source

Biography extracted from [ubs.md](https://docs.barcoder.ai/source/wallets/ubs). See `matrix.md` for standards-support matrix if present.