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The UBS logo is seen in the office building in Krakow, Poland on February 22, 2024.

Jakub Porzycki | Nurfoto | Getty Images

UBS on Tuesday announced a new share buyback program worth up to $2 billion, with up to $1 billion expected to take place this year.

“As previously communicated, we expect to repurchase up to $1 billion of our shares in 2024, beginning after the completion of the merger of UBS AG and Credit Suisse AG, which is expected to occur by the end of the second quarter,” said the couch. in a statement.

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