UBS Group AG is said to be interested in acquiring a U.S. wealth management business as part of its plans for strategic expansion.
The Swiss banking giant aims to strengthen its presence in the American market, which is seen as a key area for growth in the wealth management sector.
This move aligns with UBS's ongoing efforts to expand globally and diversify its services. The potential acquisition would position UBS to better compete with other major financial institutions in the profitable U.S. wealth management landscape.