UBS In Talks to Sell Credit Suisse’s Turkey Investment Bank

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.

Separately, it also started a process to carve out Credit Suisse’s wealth management operations in the country, though it has yet to decide on the future of that business, said some of the people. It aims to complete the ...