HSBC doubled its profits and is giving shareholders $3 billion in buybacks but the bank’s troubles haven’t ended just yet

HSBC doubled its profits and is giving shareholders $3 billion in buybacks but the bank’s troubles haven’t ended just yet

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Europe’s largest bank HSBC has had a strong few quarters as rising interest rates have boosted its income—and that of its shareholders, who stand to benefit from hefty share buybacks—but Wall Street still isn't totally convinced. The same carried on for HSBC’s third quarter, as it reported a…

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