Week’s Best: UBS on Its Way to Adding More Banking Services

UBS received conditional approval from a U.S. banking regulator for a national bank charter, positioning the company to expand its banking and lending services for wealth management clients in the U.S. The Swiss bank applied for a charter last year. A national charter is a "game changer†for UBS, says Robert Karofsky, co-president of global wealth management and president of UBS Americas. ...