Complex sentence: UBS, through Swiss Bank Corporation, traces its history to 1854 when six private banking firms in Basel, Switzerland pooled their resources to form the "Bankverein", a consortium that acted as an underwriting syndicate for its member banks.
Split into simpler sentences: UBS, through Swiss Bank Corporation, traces its history to 1854. In that year, six private banking firms in Basel, Switzerland pooled their resources to form the "Bankverein", a consortium that acted as an underwriting syndicate for its member banks.