UBS (UBS) said in a LinkedIn post Friday that its UBS Bank USA unit's application for a national bank charter has been approved.
The final approval was issued by the Office of the Comptroller of the Currency, converting UBS Bank USA to a nationally chartered bank from a state chartered bank, said Rob Karofsky, president of UBS Americas.
The newly approved charter supports its US growth strategy in the US, Karofsky added.
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