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Update: Market Chatter: UBS Mortgage Unit Said to Be Acquired by Sixth Street Consortium
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Update: Market Chatter: UBS Mortgage Unit Said to Be Acquired by Sixth Street Consortium
Aug 15, 2024 12:13 PM

02:36 PM EDT, 08/15/2024 (MT Newswires) -- (Updates with Sixth Street's response in the second paragraph and UBS' latest stock movement in the third 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.

Sixth Street declined MT Newswires' request for comment while UBS did not immediately respond.

UBS shares were down 2.5% 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.)

Price: 30.11, Change: -0.79, Percent Change: -2.54

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