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News Nuggets | 30 October: HSBC's $3B Share Buyback; Railsr $24M Funding Round

News Nuggets | 30 October: HSBC's $3B Share Buyback; Railsr $24M Funding Round
HSBC Reports Surge in After-Tax ProfitHSBC reported a significant increase in its after-tax profit, which came in at $6.26 billion for the quarter ending in September, marking a 235% increase compared to the same period last year. The surge was mainly attributed to a higher interest rate environment. Despite the impressive figures, HSBC fell short of economists' expectations.The bank also announced a $3 billion share buyback. The increase in profit was partly due to a $2.3 billion impairment rel... Read More
Posted: Oct 30 2023, 10:37
Author Name: financemagnates
Views: 042123

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