UBS Group AG $UBS has announced the sale of its Indian asset management business to 360 ONE WAM $ONEW in a deal valued at ₹3.07 billion (approximately $36 million). This transaction marks a significant strategic shift for UBS as it consolidates its operations and refocuses its business strategy in emerging markets. The acquisition will enable 360 ONE to enhance its service offerings while allowing UBS to streamline its portfolio.

Swiss banking giant UBS Group AG $UBS has entered into a significant agreement that will impact its presence in India. The essence of the deal is the sale of its asset management division to 360 One WAM Ltd. $360ONE.NS, which will open new opportunities for UBS in this dynamic market.

The introduction of new tariffs by US President Donald Trump is expected to significantly affect the credit markets. Strategists at UBS Group AG predict that this could lead to an increase in spreads on corporate bonds to levels not seen since the onset of the COVID-19 pandemic. This raises important questions regarding how such economic measures impact the financial market and what may happen moving forward.