ZURICH: UBS Group AG will bolster shareholder returns with plans to buy back four billion francs (US$4.5bil) of shares over the next three years after rising fee income and investment bank revenue propelled gains at the world’s largest wealth manager.
The lender is doubling the size of a previous repurchase programme and said it expects to buy back up to US$1.1bil of shares in the first quarter, according to a statement.
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