UBS Secures License for Full-Service Banking in the U.S.

UBS has obtained a license to provide full-service banking in the United States, aiming to attract affluent American clients for deposits and investments. Wall Street Journal (Markets) posted on X that this move is part of UBS's strategy to expand its presence in the world's largest wealth market. The Swiss banking giant seeks to leverage this opportunity to enhance its offerings and capture a significant share of the U.S. wealth management sector.