UBS, China's ICBC to explore banking & wealth management partnerships

UBS, China's ICBC to explore banking & wealth management partnerships

FILE PHOTO: The logo of Swiss bank UBS is seen at the bank's branch in Shanghai, China, March 20, 2023. REUTERS/Aly Song/File Photo

Swiss banking group UBS said on Tuesday it had signed a memorandum of understanding with the world’s largest lender by assets, Industrial and Commercial Bank of China (ICBC), to explore collaborations in China and overseas markets.