HSBC announced a $3bn share buyback plan after reporting strong Q3 earnings, bringing total returns to $9bn this year. The bank's pre-tax profit rose by nearly 10% to $8.5bn, driven by growth in Wealth and Personal Banking. However, net interest income fell by 17%. The new CEO, Georges Elhedery, is implementing a restructuring plan to merge divisions and improve efficiency, aiming for a mid-teens return on equity for 2024 and 2025. Teljes cikk (Euronews.com)