12:57 PM EST, 01/15/2026 (MT Newswires) -- UBS Group ( UBS ) won conditional approval for a US banking license from the Office of the Comptroller of the Currency, moving closer to receiving a national bank charter.

The milestone marks "a significant step" toward securing final approval of the charter, "reinforcing UBS's commitment to growth and strengthening our position as the premier global wealth manager in the US," a bank spokesperson said Thursday in an email to MT Newswires.

Final authorization may be granted this year, Bloomberg News reported Thursday, citing a person familiar with the process.

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