Reported 9 days ago
UBS Chairman Colm Kelleher confirmed the bank's commitment to a $3 billion share buyback in 2025 despite potential capital rule changes and global economic instability. The plan includes $1 billion in shares during the first half of the year and an additional $2 billion later on. While 93.5% of shareholders approved the initiative, the Ethos Foundation criticized it as inappropriate in the current political context, urging for capital to be preserved for stability.
Source: YAHOO