UBS Launches New $2 Billion Stock Buyback Program

Key TakeawaysUBS Group announced Tuesday that it would be repurchasing up to $2 billion of its shares over the next two years.The Swiss financial firm said the first billion of the buybacks would occur following the completion of its merger with rival Credit Suisse, which it expects by the end of this quarter.UBS said its goal is for share repurchases to exceed their pre-acquisition level by 2026. UBS Group AG (UBS) said Tuesday it is launching a new$2 billion stock buyback program over the next two years. ...