UBS Plans $4.5 Billion Buyback After Wealth Management Surge
UBS Plans $4.5 Billion Buyback After Wealth Management Surge Bloomberg 1/26/2021 © Bloomberg Hamers is currently undertaking a review of all the bank’s businesses. (Bloomberg) -- UBS Group AG plans to buy back as much as 4 billion francs ($4.5 billion) of shares over the next three years, bolstering shareholder returns after income from managing client assets and investment banking propelled gains at the world’s largest wealth manager. The lender is doubling the size of a previous program and said it expects to repurchase up to $1.1 billion of shares in the first quarter, according t...
Source: msn.com