Storyline
HSBC Posts Strong Profits, Resumes Buybacks
HSBC reported record quarterly profits of $10.1 billion in Q2, driven by wealth management and insurance growth, and has resumed its share buyback program with a $1 billion allocation. The results sparked calls from UK campaigners for a windfall tax on banks to fund cost-of-living assistance, while CEO Georges Elhedery indicated potential increases to bonus pools if performance continues.
HSBCGeorges ElhederyHong KongUnited Kingdom
2026-08-04
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- HSBC resumes share buybacks as quarterly profit soars to $10.1bn
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