UBS is seeking broader permissions to conduct business in the U.S., viewing it as a key growth market. The company is considering applying for a license under the oversight of the Office of the Comptroller of the Currency. This move would allow UBS to offer loans and accept deposits more efficiently within the U.S. financial system.
CEO Sergio Ermotti has identified the expansion of UBS's presence in the American wealth management market as a central component of the bank's strategy. This strategic focus is aligned with UBS's ambition to strengthen its global position and tap into the lucrative opportunities within the U.S. financial market.
