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**rmation, union bank of switzerland, the group of 2001-2005 in accordance with the asset size has been one of the global top 10, four years of the drive it forward constantly, and finally in 2005 riding on a leading role in global banking. union bank of switzerland group and the expansion of other banks h**e a fundamental difference between the expansion of other banks are basically dependent on bank mergers, and the union bank of switzerland, although the group has acqu**itions, but compared with other banks, which mainly relies on the expansion of business growth. therefore, one of its core capital of slower growth, and asset ranking. switzerland ucb world it ** well known, ** its high and stable returns, such as citigroup and bank of america, compared to 6 billion us dollars each year in pre-tax profits, 20% of the capital and profit margin of less than 1% of the assets may be some low, but it ** a european banks of the major european banks, its profits and returns second to none, with only h**c holdings in it with a basic level. prior to the merger due to some bad assets, the initial rate of nonperforming loans does h**e some high after the initial rectification and d**posal, its non-performing loan ratio, ** less than the 3% level, reflecting the group of union bank of switzerland, the higher non-performing loans to digest and management capabilities. figure 1 on the union bank of switzerland and sw**s syndicate only the other a "big bank" credit su**se group's operating income for a more dynamic. in 1998, when union bank of switzerland to form groups, the union bank of switzerland, credit su**se group and the group at the same grades, and operating income are about 22 billion sw**s francs, in 2000, the two banks began to d**tance itself from union bank of switzerland, the group operating income more than 37 billion sw**s francs , and credit su**se group, only 33 billion, a difference of 4 billion sw**s francs. especially in 2001, the stock market bubble burst in the united states, large-scale investments in the united states hedge funds, the credit su**se group suffered huge losses, and the scale of business a serious decline, and operating income dropped to only 25 billion sw**s francs, while the sw**s banking group from 1998 due to hedge fund investments failures lessons and timely withdrawal from the hedge funds, then strict restrictions on hedge funds and bubble excessive electronics, communications, networks (leading internet based provider) industry investment and the stock market of the united states survived the cr****, operating income close to 33 billion sw**s francs, took over credit su**se group over 100 billion. although the 2002 and 2003 union bank of switzerland, the businesses of the group are also some landslides, it ** mainly these two years the global economy, particularly the united states economic downturn, the scale of investment banking business due to the sharp decrease to the first quarter of 2005, at an annual rate, the union bank of switzerland's revenue 38 billion sw**s with francs, while credit su**se group less than 33 billion sw**s francs. successful experiences union bank of switzerland, the group ** the world's most successful bank, enough with the current world's most powerful citigroup and h**c holdings are comparable, with its market options, choices, teamwork, r**k control and other factors are inseparable. market choice in 1998 union bank of switzerland beginning of the establ**hment of the group, ** one in switzerland h**e an absolute market share in europe has a certain impact financial institutions, although customers throughout the world, but business ** mainly limited to the domestic sw**s, in the international financial market ** not too much influence and say. while the sw**s domestic market ** relatively small, high-saturation, to seek union bank of switzerland, the group's future development, external expansion inevitable. although unfamiliar european homeland and h**e a business foundation, but not the economic prosperity and national banking concentration high into the future ** not so clear, union bank of switzerland, adopted the "defense" strategy, only seeking to consolidate a european th** basic position. when they are suffering from the asian financial cr****, the market ** relatively limited and more difficult to enter, union bank of switzerland, the group will be put in a secondary position. u.s. financial markets are huge, and fewer entry barriers and a high degree of freedom, therefore, union bank of switzerland, the group did not hesitate to choose the top american market. the development in recent years has proven that the development of regional strategies correctness, after several years of development, the united states became the union bank of switzerland, the group profit important source market of the united states of the group of union bank of switzerland, the profit contribution rates are far more than 1 / 3. 2004 from the americas (95% more business in the united states) market over the profits from the first sw**s native profits reached 38.91%, according to the ex**ting union bank of switzerland in the u.s. market progress, in 2005 the ratio will exceed 40%. h**e reason to believe that the united states market for union bank of switzerland, the group profit contribution rate will increasingly 20210311