1010 GMT - UBS Group can keep buying back shares to the tune of $3 billion a year even with Switzerland's new capital requirements, Keefe, Bruyette & Woods analysts say. However, its repurchases will likely be smaller than previously thought, the analysts write in a research note. Switzerland's proposed new rules mean the worst-case scenario materialized for UBS, but buybacks remain in the cards for the bank throughout the phased-in implementation period, KBW says. "We expect the group to strike a balanced approach to front-loading regulatory requirements and repurchasing shares," the analysts say. "Based on our analysis, UBS can maintain $3bn in share repurchases, generate 15% returns and fully comply with new ["too big to fail"] requirements two years ahead of time." Shares fall 1.5%. (adria.calatayud@wsj.com)
(END) Dow Jones Newswires
June 12, 2025 06:10 ET (10:10 GMT)
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