(Bloomberg) UBS Group AG has entered final negotiations with a Beijing-backed fund over the sale of Credit Suisse’s money-losing China venture as talks with Citadel Securities LLC stalled, according to people familiar with the matter.Most Read from BloombergWells Fargo Fires Over a Dozen for ‘Simulation of Keyboard Activity’Apple to ‘Pay’ OpenAI for ChatGPT Through Distribution, Not CashTesla Investors Back Musk’s $56 Billion Pay Deal, Texas MoveHunter Biden Was Convicted. His Dad’s Reaction
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UBS Group AG is in discussions to attain full ownership of its China platform by swapping its holding in Credit Suisse’s onshore securities venture with a Beijing government investment fund, according to people familiar with the matter.