Hsbc Cfo: Buyback Shows Confidence In The Underlying Business

Ewen Stevenson, chief financial officer at HSBC Holdings PLC, discusses the bank’s plan for a $2 billion share buyback, the firm’s exposure to the property sector and the business in China. HSBC’s adjusted pretax profit rose to about $6 billion in the third quarter. Stevenson speaks to Bloomberg’s Manus Cranny on “Bloomberg Daybreak: Middle East.”
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