Finance
UBS Seeks Expanded US Banking License in Growth Push
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UBS is seeking a wider permission to operate in the United States, a market it has earmarked for growth.
The Swiss bank is considering applying for a license under the supervision of the Office of the Comptroller of the Currency, according to a spokesperson, who confirmed a Handelsblatt report. Such an approval would make it easier for UBS to make loans and take deposits across the nation.