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UBS secures bank license for U.S. expansion
Wsj·
UBS has obtained a new national bank charter, a significant move that will allow it to gather deposits and further strengthen its presence in the United States. This strategic acquisition comes as the financial institution navigates Swiss capital regulations and intensifies its competition within the U.S. wealth management sector. The new license is expected to facilitate greater integration and growth for its American operations.
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Wsj — www.wsj.com