It takes a rare combination of many things to become great at anything in the business world: from talent to determination, a great plan to superior finances every single part has to come together.
But once you’re great, how do you ensure your own greatness? Well, if you need an answer to that question you could try asking anyone with a position of power within UBS just how they’ve accomplished such a rare feat.
Within a nation that is renowned for its superior banking system UBS has managed to stand far above the rest of the pack and is currently considered to be the largest manager of private assets at nearly $2 trillion with over 60,000 employees over the world, housing over 1000 branches.
With those kinds of staggering numbers, we’ll pretend to be shocked you’re interested in UBS binary options as your next addition to your portfolio.
While the origins of UBS can be traced as far back as 1856, the company as it exists today was not actually formed until 1998 when the Union bank of Switzerland merged with the Swiss bank corporation, the two banks were relatively successful as individual entities but combined they created a financial force not seen for quite some time within the banking system.
At the time of their merger, the two companies were the 2nd and 3rd largest banks in Switzerland, respectively, and their merger was the result of Union bank of Switzerland’s stock holders demanding a greater return on their investments and being very vocal in their criticism about the bank’s long term stagnation within the marketplace, Credit Suisse, which was the largest Swiss bank at the time made offers to buy Union bank of Switzerland but those offers were rebuffed in favor of the Swiss bank corporation, which offered what equated to a merger of equals.
Immediately following the merger, the bank already had over $500 billion in assets but sought expansion to its business through investments in many countries.
The years that followed brought mostly good fortunes for those at UBS, but their success came to a screeching halt in 2007 with the beginning of the world economic crisis, UBS biggest exposure was due to its massive investment in sub-prime lending and companies that were heavily invested in that practice, including one of its own US subsidiaries, with losses exceeding $50 billion and 11,000 jobs being cut, UBS felt the brunt of the crisis.
While further job cuts were needed throughout 2009-2011 and certain assets were sold, some at losses, UBS began stabilizing itself, and by 2011 was able to once again achieve profitability, the bank was sizably fined in late 2012 for its part in the libor scandal, but that too was a bump in UBS’s road to the top which was completed in early 2014 with its ascension to the top of the private banking world.
A future investment in UBS binary options can do wonders for your profits, but you should pay close attention to the various reports the bank issues, mostly to profitability reports, but also to various investments it makes – if the bank takes on debt or invests in a relatively high risk area, the impact on its prices can be severe, Luckily for you, as a possible investor, because of UBS’s position as one of the largest banks in the world virtually every move it makes will be monitored, predicted and analyzed in advance so all that will be left for you is to watch the prizes of your UBS binary options investment start to roll in.