- Industria: Financial services
- Number of terms: 25840
- Number of blossaries: 0
- Company Profile:
UBS AG, a financial services firm, provides wealth management, asset management, and investment banking services to private, corporate, and institutional clients worldwide.
Additional form of remuneration in lending business, in addition to interest payments, charged for particular services or as a risk premium.
Industry:Banking
Short- and medium-term debt certificates issued in bill or note form by a government. In Switzerland, the Federal Government issues Treasury notes with maturities of 1 to 2 years, occasionally also bills with shorter maturities (3 months). Other short- and medium-term debt instruments issued by the Confederation, the cantons and the municipalities are now usually called rescriptions. Treasury notes can be discounted at the Swiss National Bank if their remaining term to maturity is less than 3 months. In the USA, a distinction is made between treasury bills (short-term, 3-12 months) and treasury notes (medium-term, 1-5 years).
Industry:Banking
Long-term bond issued under IMF debt rescheduling programmes which is backed by a zero-coupon bond issued by the US Treasury. See also treasury bond.
Industry:Banking
Also: credit rating; credit quality; credit capacity. Totality of characteristics which make an individual or a corporate entity trustworthy enough to receive a loan.
Industry:Banking
British gold coin containing one ounce of gold with a nominal value of £100. Britannia coins of 1/2, 1/4 and 1/10 of an ounce of gold are also minted.
Industry:Banking
South African gold coin, containing exactly one ounce or 31.1035 grammes of pure gold. Small Krugerrand coins have fine weights of 1/2, 1/4 and 1/10 of an ounce.
Industry:Banking
One of Switzerland's big banks, created in 1998 from the merger of Union Bank of Switzerland (also UBS) and Swiss Bank Corporation (SBC).It is now a global financial services company with headquarters in both Basel and Zurich.It provides investment banking as well as asset and wealth management services and operates in more than 50 countries. It is also considered the world's second largest manager of private wealth assets.
However in October 2012 it announced a planned %16 cut to its current workforce of 64,000 employees worldwide.This follows the loss of 39bn Swiss Francs during the global financial crisis which was the largest of any European banck at the time, and a further 2bn in 2011 due to the alleged illegal trading activities of a former employee, Kweku Adoboli, who as of October 2012 is still on trial.The job-cuts arrive amid UBS plans to reduce focus on its riskier trading business.
Industry:Banking
German government bond with a maturity of up to 30 years. The 10-year Bund serves as the benchmark for the German and other European bond markets.
Industry:Banking
An index that measures price performance in Switzerland, showing the extent to which the cost of living has become more or less expensive as a result of price changes but not of changes in consumer behaviour or in the quality of goods and services. See also consumer price index.
Industry:Banking
Abbr. for personal identification number, and also referred to ungrammatically as PIN number or PIN code. Personal alphanumeric code for the electronic identification of a customer using an account card, e.g. to withdraw cash from an ATM.
Industry:Banking
