UBS launches buyback scheme for up to $2 billion in shares

UBS is starting a share buyback programme for up to $2 billion (CHF1.6 billion) in shares, in line with a plan approved at its annual general meeting (AGM) in April, the Swiss bank said on Monday. +Get the most important news from Switzerland in your inbox The buyback programme is due to start on July 1. UBS said it intends to repurchase up to $2 billion in shares during the second half of this year, as previously announced. UBS shareholders approved the new buyback programme at its AGM in April. Under the programme, shares worth up to $3.5 billion may be acquired over two years for cancellation. The previous share buyback programme, which the bank launched in April 2024 and concluded in May 2025, repurchased a volume of just under $2 billion. This also includes the announced share buybacks totalling $1 billion in the first half of 2025. UBS sticks to buybacks despite Federal Council plans UBS had announced further buybacks of up to $2 billion for the second half of the year and is ...