|
 |
|
|
|
| With the
unconditional surrender |
1945 |
|
| of all German
Troops WW2 comes to an end in Europe on
May 8th.
|
|
|
|
SBC absorbs the
Basler
Handelsbank (Commercial Bank of Basle),
founded in 1862 - one of the major banks in Switzerland
-, which had become illiquid by the end of WW2.
|
|
US forces drop
atomic bombs on
Hiroshima and
Nagasaki. With the unconditional
surrender of all Japanese Troops WW2 comes to an
end in the Far East on September
2nd.
 |
Total
Assets of SBC at the end of 1945 were
1'826.4 million SFr.
- Shareholder's
equity
- profit
|
| UBS |
|
|
UBS
absorbs the Eidgenössische
Bank (Federal Bank), founded in
1864 - one of the major banks in Switzerland -,
which had become illiquid by the end of WW2.
Through this
take-over Total
Assets of UBS for the first time exceed one
billion SFr. (1'156.7 million) at the end of
this year.
- Shareholder's
equity
- profit
| | |
|
| The
headquarter and legal domicile of UBS
is moved to Zurich (from Winterthur and
St.Gall). |
| Creation of the
United Nations Organization (UNO) in
San Francisco. |
|
|
|
|
| The
Washington Agreement |
1946 |
|
| between the
WW2-Allies and Switzerland is signed on May 25th.
|
|
|
|
UBS opens a
Representative Office in New York and
winds up the activities of Union American Corporation.
|
| IMF and
Worldbank |
1947 |
|
| take up their
operations.
In
Geneva the General Agreement on Tariffs and
Trade (GATT)
is signed.
In
Switzerland the Federal Social Security
Law (AHV - Alters- und
Hinterbliebenenversicherung) passes the nationwide
referendum.
|
|
|
|
|
| In Western
Germany a new |
1948 |
|
| currency is
introduced: the D-Mark.
The USA
establish the European Recovery Program ERP
(Marshall Plan)
In Paris
the Organization for European Economic Cooperation
OEEC, later to become the OECD, is
created.
|
|
|
|
UBS, through its
subsidiary Intrag AG, establishes the "South Africa
Trust Fund SAFIT".
UBS
acquires the Banque Palézieux & Cie.,
Vevey, and integrates it into the existing
branch. |
| The North
Atlantic Treaty Organization |
1949 |
|
| NATO is founded.
The
Federal Republic of Germany is founded
on the territory of the three Western occupation zones.
After a
two and a half years' Civil War Mao
Zedong proclaims the People's Republic
of China. His opponent, Chiang Kai-shek, flees
to Taiwan.
|
|
|
|
The "Mutual Fund
for Swiss Stocks FONSA" is established.
Over the years UBS, through its subsidiary Intrag AG,
establishes a series of other mutual funds.
|
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|
|
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|
