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UBS US banking licence
The case
UBS Group AG has applied for a US national bank charter for its US unit.
Source: Swiss & International Press
The commentary
The move is part of a multi-year “Build the Bank” programme to develop new products, systems and a modern core platform with digital and AI-driven capabilities.
The bank expects approval in 2026, subject to regulatory review, and, if granted, would be the first Swiss bank to hold such a US national charter.
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