Swiss bank UBS plans a $2bn share buyback program in 2024 following Credit Suisse takeover.

Swiss bank UBS plans a new $2bn share buyback program starting in 2024, aiming to provide shareholders with increased visibility on returns amid the bank's takeover of Credit Suisse. The bank announced the restart of buybacks in February, demonstrating confidence in meeting its integration goals with Credit Suisse. Prior to the takeover, UBS had set a target of exceeding pre-acquisition share repurchases by 2026.