



Spokespeople for UBS and GE Money Bank in Switzerland declined to comment to Reuters.

The disposal is part of a plan by the U.S. conglomerate to shed non-core assets such as a $1.5 billion stake in Thailand's fifth-largest lender, Bank of Ayudhya .

If UBS were to buy the unit, dubbed GE Money Bank, it would be the first deal of note for Switzerland's biggest bank since the financial crisis when it ran up $50 billion in subprime losses and took a Swiss government bailout in 2008.

(Reporting By Oliver Hirt. Writing by Katharina Bart. Editing by Emma Thomasson)