UBS rules out further U.S. acquisitions, FT reports

Colm Kelleher, the chairman of UBS, is ruling out further U.S. acquisitions after the company ditched plans to buy digital advisory start-up Wealthfront in September, The Financial Times’ Stephen Morris and Owen Walker report. "The real short-term gain for us is the states. There has been some tweaking , we know we need to grow, UBS is subscale in the US," Kelleher told the Financial Times global banking summit in London. Reference Link