UBP obtains wholesale bank licence in Singapore

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UBP obtains wholesale bank licence in Singapore

Union Bancaire Privée (UBP) announced that its Singapore branch, UBP Singapore, has received regulatory approval from the Monetary Authority of Singapore (MAS) for a wholesale bank licence. UBP Singapore expects to commence operations as a wholesale bank from 1 April 2019. The new licence will allow UBP Singapore to offer Singapore dollar (SGD) services, including deposits and loans, within the prescribed regulatory guidelines for wholesale banks, and provide a wider set of investment s...

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