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HSBC shares dip despite quarterly profits jumping amid cost cuts
Stocks fall after Europe’s biggest bank narrowly misses expectations and announces buyback of up to $1bn
HSBC announces share buyback of up to $1 billion as third-quarter profit meets estimates
HSBC announced its third-quarter earnings on Tuesday.
HSBC confident about Gulf property sector exposure despite war volatility
British lender HSBC is not worried about its exposure to the slowing property sector or the health of its corporate loan book in the Gulf region despite the war-driven economic contraction this year, its group chief executive has said. The provisions, just shy of $400 million for potential loan losses, taken so far by Europe’s second-largest lender for its M
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