US EditionUBS Goes «Head-to-Head» Against US Rivals With New License
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UBS Goes «Head-to-Head» Against US Rivals With New License
Swiss financial titan UBS has obtained approval in the US to become a nationally chartered bank and expand its offering to match local rivals. UBS has received approval to convert its American unit, UBS Bank USA, to a nationally chartered bank, according to an announcement on LinkedIn. This will allow it to offer the full range of services, including payments, checking accounts, savings accounts and mortgages, effectively competing on a level pl…
Swiss big bank received US full license on Friday evening. Follow-up reaches far: UBS even more blackmailable by Uncle Sam. UBS has achieved its big goal. It is allowed to use its balance sheet for loans and securities transactions in the largest financial market on the globe. In the USA, they have received a full bank license, according to UBS in a [...]
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