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UBS Switzerland review

UBS Switzerland AG

Our review of UBS Switzerland for ultra-high-net-worth families. We researched the legal entity that holds the licence and books the account, not just the brand.

Booking centreSwitzerland
RegulatorFINMA
Legal formLocally incorporated subsidiary
GroupUBS Group
Websiteubs.com
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PPLI.com
Private Bank Rating
Rating in preparation

We are still preparing the rating for this bank. What we have on file so far is below.

About the rating
The group

UBS in 7 booking centres

The headline rating of UBS is the rating of its parent licence holder shown above. Each booking centre is rated separately: the licence holder's record is shared by its branches, while protection, services and costs depend on where the account is booked.

UBSU
UBS Switzerland AGGroup leadSwitzerlandRating in preparation
UBS Wealth Management (UK)UW
UBS AG (London Branch)United KingdomUnited KingdomRating in preparation
UBSU
UBS AG (Hong Kong Branch)Hong KongHong KongRating in preparation
UBS Global Wealth Management (Singapore)UG
UBS AG, Singapore BranchSingaporeSingaporeRating in preparation
UBS DubaiUD
UBS AG Dubai BranchUnited Arab EmiratesUnited Arab EmiratesUnder review
UBSU
UBS Europe SE, Luxembourg BranchLuxembourgLuxembourgRating in preparation
UBS MonacoUM
UBS (Monaco) S.A.MonacoMonacoUnder review

UBS AG head office has no profile; UBS Switzerland AG, in the group's home country, leads the card.

The rating

What the PPLI.com rating of UBS considers

This is our editorial assessment of UBS. We look at the areas below, which matter to a family deciding where to keep its assets, and weigh them together with what clients tell us and the service they get. Retail products, branches and apps play no part. The public sources we used are listed at the foot of the page.

Conduct and enforcement

What regulators, prosecutors and courts have concluded about this licence holder in recent years.

Protection of client assets

Whether custody assets are ring-fenced by law in the booking centre, whether deposits are protected, and whether the custody terms can be read before signing.

Service for complex families

The breadth of private banking services the bank publishes for this booking unit, including work with external managers and family offices.

Cost transparency

Whether a prospective client can see the tariff and the bank's policy on third party payments before asking.

Ownership and control

Whether the bank's owners are public, how official assessments rate the anti-money-laundering regime of any owner's home jurisdiction, and whether a politically exposed person holds a significant stake. The same test applies to every bank.

Client opinions and service

What clients of UBS and their advisers tell us in confidence, and the service the bank gives to families. We never publish names. Tell us about yours

PPLI.comPrivate Bank RatingRating in preparation

The rating expresses the opinion of PPLI.com on the date shown. It is not a statement of fact about the bank, not a credit rating, not a forecast of failure and not investment advice. Read about the rating.

The record

Regulatory and legal record

What regulators, prosecutors and courts have decided, recorded against the legal entity they named, with the status, the amounts as published and a link to the original document. Claims and investigations still under way are marked as open.

We found no regulatory, criminal or court decision naming this licence holder in the last ten years, in the sources listed below.
Matters concerning other entities in the group (7)
202523 September 2025

French cross-border case: unlawful client solicitation and aggravated laundering of tax fraud proceeds; guilt confirmed 2023, penalty resolved 2025

According to UBS's own release, the French Supreme Court definitively confirmed the Paris Court of Appeal's finding that UBS was guilty of unlawful client solicitation and aggravated money laundering and referred the financial penalty and civil damages back for reassessment. On 23 September 2025 UBS said it had agreed to pay a EUR 730 million fine and EUR 105 million in civil damages. this is a UBS AG matter, not a UBS Switzerland AG finding.

defendant (parent UBS AG)

UBS agreed to pay a fine of EUR730 million and EUR105 million in civil damages to the French State.
French courts (Cour de cassation; Paris Court of Appeal retrial) · Final decision · Fine EUR 730 million; Civil damages to the french state EUR 105 million · Primary source
20256 May 2025

Guilty plea by Credit Suisse Services AG to conspiracy to hide more than USD 4 billion from the IRS; non-prosecution agreement; admission that Credit Suisse AG breached its 2014 plea agreement

Credit Suisse Services AG pleaded guilty and was sentenced for conspiring to hide more than USD 4 billion in at least 475 offshore accounts from the IRS and agreed to pay USD 510.6 million. The release states that Credit Suisse AG breached its May 2014 plea agreement and that Credit Suisse Services AG, and by extension UBS AG, must cooperate with ongoing investigations. UBS Switzerland AG is not named.

defendant (group affiliate Credit Suisse Services AG)

Credit Suisse Services AG will pay a total of $510,608,909 in penalties, restitution, forfeiture, and fines.

Release says UBS froze certain accounts and voluntarily disclosed information about them to the US Department of Justice.

US Department of Justice (Tax Division and US Attorney EDVA) · Resolution with admission · Total payment (penalties, restitution, forfeiture and fines) USD 510.6 million · Admission of the facts · Primary source
202324 July 2023

Archegos: FINMA concludes proceedings against Credit Suisse

FINMA found that Credit Suisse seriously and systematically violated financial market law in its Archegos relationship and ordered corrective measures from UBS, including group-wide position limits and risk-based bonus criteria; one proceeding against a former manager was opened. The Fed and PRA fines are separate authorities' actions against Credit Suisse entities not named on the FINMA page and are not summed here.

respondent (predecessor group)

They imposed fines of USD 268.5 million and GBP 87 million respectively.

Group-wide client position restrictions; risk-adjusted compensation criteria.

FINMA (parallel US Federal Reserve and UK PRA actions) · Final decision · Fine imposed by us federal reserve (as reported by finma) USD 268.5 million; Fine imposed by uk pra (as reported by finma) GBP 87 million · Primary source
202328 February 2023

FINMA concludes Greensill proceedings: serious breach of Swiss supervisory law

FINMA found that Credit Suisse failed over several years to identify, limit and monitor risks in its Greensill relationship, had serious organisational deficiencies and did not meet its duties as an asset manager. It ordered periodic board-level review of about 500 key relationships, a responsibility map for about 600 senior managers, and an audit mandatary; four proceedings against former managers were opened.

respondent (predecessor group)

FINMA thus concludes that there has been a serious breach of Swiss supervisory law.

Measures ordered as listed; audit mandatary.

FINMA · Final decision · Primary source
202119 October 2021

Mozambique loans: DPA for Credit Suisse Group AG and guilty plea by CSSEL to conspiracy to commit wire fraud

Credit Suisse Group AG entered a three-year DPA and its UK subsidiary CSSEL pleaded guilty to conspiracy to commit wire fraud over the Mozambique loans; total penalties, fines and disgorgement across US and UK authorities exceeded USD 547 million (amounts overlap through crediting and must not be summed with the FCA or SEC figures). FINMA concluded a parallel enforcement proceeding against Credit Suisse the same day. Neither UBS Switzerland AG nor Credit Suisse (Schweiz) AG was a party.

defendant (group parent Credit Suisse Group AG; UK subsidiary Credit Suisse Securities (Europe) Limited)

Switzerland's Financial Market Supervisory Authority (FINMA) also engaged in an enforcement action.
US Department of Justice, with parallel SEC, UK FCA and FINMA actions · Resolution with admission · Total assessed across authorities (penalties, fines, disgorgement) USD 547 million; Doj criminal penalty before crediting USD 247.5 million; Paid to us after crediting other authorities USD 175.5 million · Admission of the facts · Primary source
201817 September 2018

FINMA finds deficiencies in anti-money laundering processes at Credit Suisse (FIFA, Petrobras, PDVSA related)

FINMA concluded proceedings finding deficiencies in Credit Suisse AG's adherence to AML due diligence obligations, ordered further measures including a single client view by end 2019, and appointed an independent third party to monitor implementation. The page does not state whether the decision was appealed; status is inferred as concluded.

respondent (predecessor group entity)

FINMA identified deficiencies in the bank's adherence to anti-money laundering due diligence obligations

Single client view for all relationships by end 2019; independent monitor.

FINMA · Final decision · Primary source
201419 May 2014

Guilty plea, conspiracy to aid and assist US taxpayers in filing false returns

Credit Suisse AG pleaded guilty in the Eastern District of Virginia to conspiring to help US taxpayers file false returns and agreed to pay USD 2.6 billion in total across the US Department of Justice, the Federal Reserve and NYDFS. Credit Suisse AG merged into UBS AG on 31 May 2024. It is not a finding against UBS Switzerland AG; the US Department of Justice said in 2025 that Credit Suisse AG had breached this plea agreement.

defendant (predecessor group entity Credit Suisse AG)

Credit Suisse will pay a total of $2.6 billion.
US Department of Justice (Tax Division), with Federal Reserve and NYDFS · Final decision · Total payment USD 2.60 billion; Of which doj USD 1.80 billion; Of which federal reserve USD 100 million; Of which nydfs USD 715 million · Admission of the facts · Primary source
The bank at a glance

Identity, protection and services

Legal identity

Legal nameUBS Switzerland AG
LEI549300WOIFUSNYH0FL22
LicenceBank  Source
RegulatorFINMA
Legal formLocally incorporated subsidiary
OwnerUBS Group AG  Source

Ownership

Group parentUBS Group AG (listed, SIX (also NYSE))  Source
ControlWidely held; no shareholder with 10% or more  Source (30 September 2026)
Disclosed holdings of 3% or moreBlackRock Inc., New York 5.01%  Source (30 November 2023)

Ownership is shown as published, with its date. It describes who owns the bank; it does not, by itself, suggest any wrongdoing by the bank or its owners.

Financial strength, as reported

Credit ratingsS&P A+, UBS IR ; Fitch AA, UBS IR ; Moody's N/A for UBS Switzerland AG, page re
CET1 ratio12.91%; total assets CHF 500,746m (2025-12-31)  Source
invested assetsCHF 1,086 bn (2025-12-31)  Source

Services published for this booking unit

Private clients
Discretionary management
Advisory mandates
Custody only (execution and safekeeping)
Lombard lending
Mortgage lending
Multi currency accounts
Trust and fiduciary services
Family office services
Wealth planning
Consolidated reporting
External asset manager desk

Offered at this booking centreOffered by the group, not confirmed hereNot located, which does not mean unavailable
Checked on the bank's own pages, 2 November 2026.

Access and costs

Minimum relationshipNot published
US personsNot published
Fee schedulePublished  Source
Third party paymentsPublished  Source
Transfer out termsPublished  Source

Protection of client assets

Deposit protectionAll banks with a Swiss office must be members of esisuisse: privileged deposits are protected up to CHF 100,000 per client per bank, including non-resident clients and foreign currency deposits, within a system cap.
Custody lawSwiss Banking Act art. 37d: custody assets held for clients are separated from the bankrupt bank's estate and handed over to the clients, with privileged deposits protected under arts. 37a and 37h.
Custody termsPublished  Source
Your experience

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Our commitment to confidentiality

Your name, email and telephone number are seen only by the PPLI.com editor. They are never published, never passed to UBS or any other bank, and never used for marketing. We may contact you once to clarify your assessment. Once verified by our editors, your assessment can lead to a disclosed adjustment of this bank's PPLI.com rating. It is never published with your name.

Sources

  1. French courts (Cour de cassation; Paris Court of Appeal retrial): ubs.com/global/en/investor-relations/press-releases/overview-news-display-ndp/en-20250923-
  2. US Department of Justice (Tax Division and US Attorney EDVA): justice.gov/usao-edva/pr/credit-suisse-services-ag-admits-conspiring-us-taxpayers-hide-ass
  3. FINMA (parallel US Federal Reserve and UK PRA actions): finma.ch/en/news/2023/07/20230724-mm-archegos/
  4. FINMA: finma.ch/en/news/2023/02/20230228-mm-greensill/
  5. US Department of Justice, with parallel SEC, UK FCA and FINMA actions: justice.gov/opa/pr/credit-suisse-resolves-fraudulent-mozambique-loan-case-547-million-coor
  6. FINMA: finma.ch/en/news/2018/09/20180917-mm-gwg-cs/
  7. US Department of Justice (Tax Division), with Federal Reserve and NYDFS: justice.gov/opa/pr/2014/May/14-ag-531.html

For UBS

Before we publish a significant negative finding, we give the bank the facts and time to comment, on the same timetable for every bank. Corrections we verify are published with the date of the change. Write to [email protected] quoting reference BK-CH-UBS-SWITZERLAND-707109.

About this file

Researched by the PPLI.com research desk from the public sources listed. The rating is our editorial opinion; read how we rate.

Important information. Editorial opinion of PPLI.com on the date shown, based on public information, client experience and editorial judgment. Not a statement of fact, a credit rating or investment, legal, tax or financial advice; verify with the bank and your own advisers before acting. No liability is accepted for reliance on this content. Bank names and logos are used for identification only. Ratings are updated every quarter. This is the Q4 2026 edition, and a rating can change between editions if something material happens. Full disclaimer
Rating signed by Noam Cohen, Editor, Bank IntelligenceReviewed 2 November 2026Methodology 2.3Reference BK-CH-UBS-SWITZERLAND-707109
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