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ZURICH (Reuters) -UBS on Tuesday agreed to promote Credit score Suisse’s U.S. mortgage servicing enterprise, UBS Chief Monetary Officer Todd Tuckner mentioned on Wednesday, with out naming the client.
Tuckner, who was talking on a name with analysts following publication of the financial institution’s newest outcomes, mentioned the transaction was anticipated to shut within the first quarter of subsequent yr.
UBS executives declined to call the client on a media name later, although CEO Sergio Ermotti mentioned it was a consortium.
“That is the one factor we will say, and it is as much as them to speak,” he added.
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