UBS has applied for an expanded banking license in the United States, indicating its intention to strengthen its presence in the American market.
The Swiss bank is seeking approval from the Office of the Comptroller of the Currency. If granted, this license would enable UBS to offer loans and accept deposits nationwide, aligning with its growth strategy in the U.S. market.
This move highlights UBS"s commitment to expanding its operations and taking advantage of opportunities within the competitive American financial landscape.