UBS will resume share buybacks this year, vowing to hand as much as $1 billion to shareholders in the second half as it seeks to move beyond the integration of Credit Suisse. Chief Executive Officer Sergio Ermotti told Bloomberg's Francine Lacqua in Zurich that UBS needs to price risk "in a better way." "One thing we need to do is be willing to sacrifice a little bit of topline growth in order to improve the returns of our financial resources," Ermotti said.
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