UBS announces $2bn share buyback program despite new Swiss capital rules

From Yahoo Finance: 2025-07-01 08:19:00

UBS Group plans to repurchase $2bn of its shares despite new Swiss government proposals requiring higher capital reserves. The buyback programme was approved during the April 2025 annual general meeting and follows a successful $2bn repurchase in April 2024. UBS will reveal more details on its 2026 capital return strategy after releasing its 2025 financial results.

Switzerland proposed new capital rules mandating UBS to increase core capital by $26bn post acquiring Credit Suisse to enhance financial stability and prevent banking crises. The regulations also require UBS to fully capitalise its foreign subsidiaries. This initiative comes after Credit Suisse’s 2023 collapse, prompting stronger banking regulations.

UBS and Pictet faced a data leak due to a cyber attack on their subcontractor, Chain IQ. A Reuters report, citing Swiss newspaper Le Temps, states that tens of thousands of UBS employees’ personal data was compromised. The breach highlights cybersecurity risks faced by financial institutions in today’s digital age.



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