Singular Bank to acquire the private banking business in Spain from UBS.

Singular Bank, a provider of online brokerage, banking assistance and investment management services, agreed to acquire the private banking business in Spain from UBS, a multinational investment bank. The transaction is expected to be completed in the third quarter of 2022. Financial terms were not disclosed. "We are excited and proud of this operation, which represents a milestone in the transformation of the sector in Spain, creating the leading independent private bank, with first-rate human and technological capital. Our goal is to continue offering a differential service to our clients, through a highly personalized and innovative offer, to help them achieve their financial objectives," Javier Marín, Singular Bank CEO.