A logo of Swiss bank UBS on a building at the Paradeplatz in Zurich, Switzerland, March 19, 2026. REUTERS/Denis Balibouse Purchase Licensing Rights, opens new tab
ZURICH, March 20 (Reuters) – UBS (UBSG.S), opens new tab has secured a banking license in the United States, the Swiss bank said on Friday, underlining its desire to ramp up wealth management in the world’s biggest economy.
Rob Karofsky, President UBS Americas, said in a memo posted on social media that the U.S. licence reinforced the bank’s confidence in its U.S. business and its ambition to strengthen UBS’s position as a leading global wealth manager.
