HSBC launches $3bn share buyback as profits beat forecasts | HSBC newsthirst.
HSBC has reported better-than-expected profits in the third quarter, allowing the bank to launch another multibillion-dollar stock buyback as it embarks on one of the biggest overhauls in the lender’s 159-year history. The London-headquartered bank said strong performance in its wealth division and wholesale banking arm helped push pre-tax profits up 10% to $8.5bn (£6.6bn)…