Home » Markets » HSBC launches $1B planned share buyback
HSBC launches $1B planned share buyback
FOX Business Flash top headlines for May 3
Check out what’s clicking on FoxBusiness.com.
HSBC has kicked off its planned $1 billion share buyback on Wednesday, as it seeks to redeploy excess capital and reward shareholders.
STOCK FUTURES GAIN AHEAD OF ANTICIPATED INTEREST RATE HIKE
The London-listed global lender has appointed Merrill Lynch International to conduct the process, which could see as many as 2 billion HSBC ordinary shares canceled in a move that should lead to a boost in average earnings per share.