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UBS has revealed a new stock buyback program amounting to 2 billion dollars, of which 1 billion dollars is slated to be spent this year. The buybacks are scheduled to kick off after the completion of the merger with Credit Suisse, expected to occur before the end of the second quarter. The formal launch date of the program is set for tomorrow, April 3rd. UBS aims to surpass the pre-acquisition stock buyback levels by 2026.