11:11 AM EDT, 08/15/2024 (MT Newswires) -- (Updates with UBS Group's ( UBS ) response in the second paragraph and latest stock movement in the last paragraph.)

A consortium led by Sixth Street Partners has agreed to purchase Credit Suisse's US mortgage servicing business from UBS Group ( UBS ) , Bloomberg reported Thursday, citing people familiar with the matter.

UBS declined MT Newswires' request for comment.

Sixth Street did not immediately respond to a request for comment from MT Newswires.

UBS shares were down 2.6% in recent trading.

(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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