Swiss banking giant UBS is selling Credit Suisse’s mortgage servicing business in the US.
UBS has agreed to sell Credit Suisse’s US mortgage servicing business, according to a «Reuters» report citing chief financial officer Todd Tuckner in a call with analysts. The buyer was not named but CEO Sergio Ermotti said in a media call later that it was a consortium.
The deal is expected to close in the first quarter of 2025.
