UBS to sell Credit Suisse's US mortgage servicing business

ZURICH, Aug 14 (Reuters): UBS on Tuesday agreed to sell Credit Suisse's US mortgage servicing business, UBS Chief Financial Officer Todd Tuckner said on Wednesday, without naming the buyer.

Tuckner, who was speaking on a call with analysts following publication of the bank's latest results, said the transaction was expected to close in the first quarter of next year.