Swiss bank UBS to begin share buyback of up to $2 billion

The UBS logo is seen on an office building in Krakow, Poland on February 22, 2024.

Jakub Borzicki | NoorPhoto | Good pictures

UBS announced a new share repurchase program of up to $2 billion on Tuesday, with a total of up to $1 billion expected to take place this year.

“As previously reported, in 2024, upon completion of the merger of UBS AG and Credit Suisse AG, which is expected to occur by the end of the second quarter, we expect to repurchase up to USD 1 billion of shares,” the bank said. In a statement.

Leave a Reply

Your email address will not be published. Required fields are marked *