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JPMorgan Chase

JPMorgan Chase is the largest bank in the United States, and one of the world’s largest public companies. 

Currently, UBS Group is the second-largest shareholder of UBS Securities Company. It has a 20 per cent stake and management control of the venture. Photo: Felix Wong

UBS first global bank to apply for control of its China business

China’s top securities regulator has accepted and is reviewing an application by the UBS Group to increase its stake in its Chinese securities venture to 51 per cent, after the Swiss bank became the first global financial institution to apply for a controlling share in its local operations.