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

CEO Georges Elhedery flagged "structural challenges" to the global economy that have caused uncertainty and market volatility, citing "broad-based tariffs."

A view of the logo of HSBC bank on a wall outside a branch in Mexico City, Mexico, on June 14, 2024. Europe's largest lender HSBC on Wednesday missed second-quarter profit expectations, mostly on account of impairment charges, according to the bank. ... [1668 chars]