Founded in 1998, UBS is a Swiss-based financial company. UBS is one of the largest universal banks in Switzerland offering comprehensive advice and a broad range of retail, private, corporate banking products and services to individuals, corporate and institutional clients. On the international markets UBS is focused on providing financial solutions to wealthy, institutional and corporate clients.
UBS AG has Category B banking license number 98020 issued by the Cayman Islands Monetary Authority. This type of license allows UBS AG to conduct banking and trustee operations with non-residents and domestic banking business with other Cayman Islands licenced entities.
There is no deposit guarantee scheme in the Cayman Islands: in the case of UBS AG failure its depositors will not get any compensation.
Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.
There is no deposit guarantee scheme in the Cayman Islands.
In the case of UBS AG failure its depositors will not be paid out any compensation.
The following banks operating under UBS brand name has been recently closed down: