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Jul 31, 2024 - 18:00
By asia.nikkei.com

HSBC sets $3bn share buyback as current and next CEOs assess direction

HONG KONG -- HSBC Holdings' incoming chief executive on Wednesday said he is committed to the strategy built by his predecessor, as the bank announced a fresh $3 billion stock buyback program and a slight dip in its profit.

Outgoing CEO Noel Quinn has put the bank in a "strong position" with resources deployed in key markets including the U.K. and Hong Kong, said Georges Elhedery, who will take over as group CEO in September.

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HSBC sets $3bn share buyback as current and next CEOs assess direction

Hamas leader’s killing could trigger Iran-Israel war

No strategic spillover in the Middle East

HSBC sets $3bn share buyback as current and next CEOs assess direction

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