UBS UBS-N has filed an application for a national banking licence in the United States, the Swiss bank said on Monday, underlining its growth ambition for the U.S. market.

In a memo to UBS staff seen by Reuters, Rob Karofsky, the president of UBS Americas, and Michael Camacho, head of UBS Global Wealth Management U.S., said the bank had filed its application for a National Bank Charter for UBS Bank USA.

“This step is part of our long-term goal to build on UBS’s status as a premier global wealth manager in the U.S. and invest in areas that will drive growth,” the memo states.

If granted, the licence would allow UBS to match the full range of services offered by U.S. banks, including checking accounts, savings accounts and mortgages.

The bank said it anticipated approval in 2026, subje

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