HSBC set to launch $1bn buyback despite revenue miss

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HSBC set to launch $1bn buyback despite revenue miss

HSBC has unveiled plans for a bumper buyback despite its third-quarter revenue missing market expectations, after net interest income and its wealth division lagged behind expectations. The FTSE 100 bank said it would return $1bn to shareholders through a buyback programme after it scored a $9.63bn profit for the quarter. This was broadly in line [...]