UBS Launches $2 Billion Share Buyback Amid Credit Suisse Integration

The two-year program aims to boost investor returns as the bank continues to streamline its operations and integrate Credit Suisse.

UBS announces a $2 billion share buyback program to be executed over two years, aimed at enhancing investor returns amid its ongoing integration of Credit Suisse.
The buyback plan, starting on April 3, 2024, follows a previous $1 billion share repurchase and aims to exceed pre-acquisition buyback levels by 2026.
UBS completed a similar buyback last month, resulting in a capital reduction through the cancellation of shares at a future annual general meeting.
The Swiss banking giant continues its efforts to trim down its business, including offloading $8 billion in assets to Apollo Global Management.
The integration of Credit Suisse, acquired for 3 billion Swiss francs, is a significant move by UBS, expected to take between three to five years.