0542 GMT - UBS Group faces headwinds from a longer process for the introduction of a new Swiss regulatory regime and could opt for a smaller-than-expected buyback of $1 billion in the second half, RBC Capital Markets analysts say in a research note. The Swiss bank is carrying out a buyback of $1 billion in the first half and said it could launch a repurchase program of up to $2 billion in the second. With regulatory changes now going through the Swiss parliament and taking longer as a result, RBC lowers its second-half buyback estimate to $1 billion, the analysts say. "Any more clarity on regulatory changes is key with a longer process as well as lower organic capital generation being headwinds," RBC says. (adria.calatayud@wsj.com)
(END) Dow Jones Newswires
April 08, 2025 01:42 ET (05:42 GMT)
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