Banks News & Analysis

UBS Obtains US National Bank Charter, Plans to Expand Services by 2027

UBS has received approval for a national banking license from the Office of the Comptroller of the Currency, enabling it to offer services including checking and savings accounts by late 2027. This move follows a license application submitted in October 2025. In Q4 2025, UBS reported a net profit of $1.2 billion, a 56% increase year-over-year, and total group invested assets reached $7 trillion, up 15%. The national charter allows UBS to compete more directly with US banks, potentially impacting its market positioning.