UBS Announces $3bn Share Buyback Amid Record Q2 Revenues
UKPulse Money Desk
Swiss bank UBS has revealed a $3bn share buyback programme after reporting record second-quarter revenues, driven by a volatile stock market.
- UBS announced a $3bn share buyback.
- The bank achieved record second-quarter revenues.
- Volatile stock market conditions contributed to the revenue surge.
Swiss bank UBS has announced a $3bn share buyback programme. This decision follows a period of record second-quarter revenues for the bank.
The surge in revenues was reportedly driven by a volatile stock market, with UBS joining other Wall Street rivals in experiencing profit growth led by trading activities.