Tag Archives: HSBC

HSBC first-half profit slumps 26% as China losses mount – Reuters

HSBC first-half profit slumps 26% as China losses mount  Reuters HSBC announces $3 billion share buyback after second-quarter profit misses estimates  CNBC HSBC profits slide 29% on hit from China and restructuring  Financial Times HSBC profits slide 26% as tariff uncertainty puts brakes on investment  The Independent HSBC launches $3bn share buyback despite second-quarter profit plunge  uk.finance.yahoo.com Source link

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HSBC announces $3 billion share buyback after second-quarter profit plunges 29%

HSBC announces  billion share buyback after second-quarter profit plunges 29%

A view of the logo of HSBC bank on a wall outside a branch in Mexico City, Mexico, on June 14, 2024. Henry Romero | Reuters Europe’s largest lender HSBC on Wednesday missed second-quarter profit expectations, mostly on account of impairment charges, according to the bank. The bank also announced a share buyback of $3 billion. It reported profit before …

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Former HSBC trader has fraud conviction overturned

Former HSBC trader has fraud conviction overturned

A British trader who was jailed in the United States for allegedly manipulating foreign exchange rates has had his conviction overturned after a nine-year struggle for justice. Former HSBC trader Mark Johnson, 59, has fought to establish his innocence ever since he was convicted of fraud in 2017 in connection with a large foreign exchange trade six years earlier. He …

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