HSBC Unveils $3 Billion Share Repurchase As Q2 Earnings Slump 29%
In a shock for shareholders, Europe's biggest bank, HSBC, revealed a $3 billion share buyback after posting a sharp 29% year-on-year drop in second-quarter earnings. The bank's pre-tax profit for the three months to June 2025 was $6.3 billion, lower than expected at $6.99