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HSBC announces $3 billion share buyback after second-quarter profit plunges 29%, missing expectations
CEO Georges Elhedery flagged "structural challenges" to the global economy that have caused uncertainty and market volatility, citing "broad-based tariffs."
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cnbc.com
HSBC announces $3 billion share buyback after second-quarter profit plunges 29%, missing expectations
CEO Georges Elhedery flagged "structural challenges" to the global economy that have caused uncertainty and market volatility, citing "broad-based tariffs."
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scmp.com
HSBC plans US$3 billion stock buy-back after 29% drop in second-quarter profit
Slimmer interest margins and losses related to its diluted stake in Bank of Communications contribute to weaker second-quarter results.