UBS says it has secured U.S. bank licence

Source: Reuters (via feed)




UBS said on Friday that it has secured a banking license in the United States. The Swiss bank’s announcement mentioned its desire to ramp up wealth management in the U.S. The license acquisition was confirmed without additional details on future plans. The bank aims to grow its activities in the U.S. market.

BizTrendWire Insight:

UBS’s announcement reflects its focus on wealth management in the U.S. market.


Read full story on Reuters

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