Deals
UBS In Talks to Sell Credit Suisse’s Turkey Investment Bank
- Lender also carving out Credit Suisse wealth unit in Turkey
- UBS has been shedding Credit Suisse businesses that don’t fit
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UBS Group AG is considering selling Credit Suisse’s investment bank unit in Turkey as it scales back operations of the former rival that don’t fit its business model, according to people familiar with the matter.
The Swiss lender is currently holding talks with potential buyers to evaluate interest in the business, said the people, asking for anonymity discussing internal deliberations.