HSBC, Europe’s largest bank, reported a sharp 29% decline in second-quarter profits, falling short of analyst forecasts, largely due to significant impairment charges. In a bid to reassure investors, the bank also announced a $3 billion share buyback. For the quarter ending in June, HSBC posted a pre-tax profit of $6.3 billion — below the […]
HSBC Unveils $3B Share Buyback as Profits Tumble 29% Amid Economic Uncertainty
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