banks that year, increasing. The New York Times, "Ex-UBS executive Moelis opens firm". 139 140 On, UBS announced that its private bank recorded net new funds of CHF 900 million during the third quarter, compared to an outflow of CHF.5 billion in second quarter. Under the plan, no more than one-third of any cash bonus would be paid out in the year it is earned with the rest to be held in reserve and stock-based incentives that would vest after three years. 3 During the 1998 merger, UBS chairman Marcel Ospel originally wanted to call the company "United Bank of Switzerland but settled on simply using "UBS" following the acquisition of American brokerage firm, Paine Webber. 124 Protestors outside of UBS' Zürich headquarters, 2009. At the time of the merger, Union Bank of Switzerland and Swiss Bank Corporation were the second and third largest banks in Switzerland, respectively. Retrieved "UBS sets out ambitious plans for return to growth". 93 Discussions between the two banks had begun several months earlier, less than a year after rebuffing Credit Suisse's merger overtures. Retrieved April 17, 2018.
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Retrieved Outsider who changed the City. 179 Within the European Union (E.U. 1973 featuring the three keys meant to symbolize confidence, security, and discretion. 64 68 Two years later, in 1997, SBC paid US600 million to acquire Dillon, Read.,.S. DF Markets is a trading name of Delta Financial Markets Limited, which is authorised and regulated by the Financial Conduct Authority, Financial Services Register Number 534027. 192 193 An entrance to a UBS Wealth Management office in Milan, Italy. In late 2005, Costas headed a new hedge fund unit within UBS known as Dillon Read Capital Management.