2 Of which 98% held by UBS AG and 2% held by UBS Group AG. 3 Of which 99% directly held by UBS Americas Inc. and 1% held by UBS Americas Holding LLC. 4 Other US subsidiaries are typically held either ...
Holding companies of large corporate entities are now categorised as “deemed” Non Banking Finance Companies even if they have not borrowed a single penny or are not into the business of lending.