HSBC launches $3bn share buyback as profits beat forecasts

By The Guardian | Oct 29, 2024 at 03:28 AM EST

HSBC, a London-based bank, exceeded profit expectations in Q3, enabling a significant stock buyback amid plans for a major restructuring under new CEO, Georges Elhedery. The bank's strong performance in wealth and wholesale banking contributed to a 10% increase in pre-tax profits.

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