to the forefront of national attention in 1976 UBS confirmed that a large number of accounts. In April 2009, UBS announced that it agreed to sell its Brazilian financial services business, UBS Pactual, for approximately US2.5 billion to BTG Investments. Prior to the merger with Swiss Bank Corporation, UBS purchased a group of smaller Swiss banks in 1994 including the Cantonal Bank of Appenzell-Ausserrhoden in 1996, 58 and in 1997 Schröder, Münchmeyer, Hengst. "UBS trader Kweku Adoboli charged with fraud". A b Bloomberg, News (August 17, 2013). Retrieved "Future of UBS Executive Part of Wall Street Chatter". The Union Bank of Switzerland emerged in 1912 when the Bank in Winterthur fused with the Toggenburger Bank.
59 92 On 8 December 1997, Union Bank of Switzerland and Swiss Bank Corporation announced an all-stock merger. 204 Tax evasion edit Main article: UBS tax evasion controversies The strict banking secrecy policies and bank-client confidentiality agreements at UBS have frequently been used to avoid, evade or otherwise escape foreign direct taxation. Credit Suisse established a legally-sanctioned oligopoly on Swiss private market activity. 41 UBS continues to issue gold bars via Argor-Heraeus which is famous for the unique kinebar holographic technology it uses to provide enhanced protection against bank gold bar counterfeiting. 175 As of 31 December 2017, shareholdings of the Group were distributed as follows: 176 Shareholders registered forex bank itäkeskus Shares registered amount amount Individual shareholders 225,511.8 415,977,640.8 Legal entities 4,855.1 589,798,155.3 Nominees, fiduciaries 246.1 1,132,947.4 Total 230,612 100.0 3,853,096,603 100.0 Banking. Mackenzie, Tom (April 13, 2018). Wall Street Journal, UBS AG Britannica. Retrieved August 8, 2018. The New York Times, Finance and Financiers in European History.