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UBS SECURES US BANK LICENCE IN BOOST FOR WEALTH MANAGEMENT

  • NEWS Desk Global
  • 1 day ago
  • 1 min read

UBS has secured a national banking licence in the United States, the Swiss bank said ‌on Friday, in a boost for its efforts to expand wealth management in the world's biggest economy.

UBS said its application for a national bank charter had been approved by the Office of the Comptroller of the Currency, a positive step for the ​bank as it attempts to navigate tougher banking regulations in Switzerland.

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