NEW YORK -- Coutts & Co. Group, the international private banking arm of National Westminster Bank of London, said the New York State Banking Department has granted it a license to open a branch in New York City.

The branch is nominally part of Coutts & Co. AG of Switzerland, one of the 14 countries in which London-based Coutts is represented.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.