SWX:UBSGCapital Markets
UBS Weighs US Bank Expansion Against Holocaust Legal Risks And Private Credit
UBS Group (SWX:UBSG) has secured approval for a US national banking licence, expanding its ability to offer banking services to US wealth management clients.
A US court has declined to clarify the scope of a longstanding Holocaust era settlement involving UBS, leaving questions over potential future claims.
UBS has executed a $500m private credit structured finance transaction backed by interests in private credit funds.
UBS Group, trading at CHF32.41, is coming into these developments...