BASEL May 4 UBS Group AG could
increase payouts to shareholders if legal and regulatory costs
come down, Chief Executive Sergio Ermotti said on Thursday.
Switzerland's biggest bank has incurred 3.9 billion Swiss
francs ($3.9 billion) in costs since 2012 to cover legal fees
and new regulations, Ermotti said in a speech at UBS's annual
"That means that if legal and regulatory costs start to
fall, we will be in a position to return even more capital to
you, our shareholders, whether in the form of dividends or share
buybacks," Ermotti said, according to prepared remarks.
($1 = 0.9919 Swiss francs)
(Reporting by Joshua Franklin; Editing by Michael Shields)