UBS and Bank of America units clear ECB stress test
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FILE PHOTO: The logo of Swiss bank UBS is seen at a branch office in Basel, Switzerland March 2, 2020. REUTERS/Arnd Wiegmann/File Photo
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FRANKFURT (Reuters) - An asset quality review and a stress test on subsidiaries of UBS
UBS Europe SE and Bank of America Merrill Lynch International Designated Activity Company were required to undergo the assessment following the relocation of business activities after Britain's exit from the European Union.
(Reporting by Balazs Koranyi; Editing by Chris Reese)
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