Mason Baxter: HSBC to spend $2 billion on share buybacks this year.

Mason Baxter: With the departure of CEO Stuart Gulliver who increased revenue and cut expenses, HSBC Holdings Plc has unveiled Q2 profits that have exceeded analysts’ forecasts. The lender has since stated that it will spend in the region of 2 billion dollars acquiring its own stock.

In a recent filing, Europe’s biggest lender stated that its a..

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