06:30 AM EDT, 09/10/2024 (MT Newswires) -- UBS (UBS) is considering various partnership options for wealth management in India and had early-stage internal talks including buying a stake in a local company to form a joint venture, Bloomberg reported late Monday, citing people with knowledge of the matter.

No decisions have been made yet on the matter, the report said.

The bank has different strategies on the table regarding wealth management, the report added.

UBS declined MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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