Business · 4 August 2026

HSBC makes £7.5bn profit in three months and restarts its share buybacks

Higher market interest rates and a strong performance in wealth management helped drive the 60% jump in earnings. Boss Georges Elhedery will spend up to $1bn buying back stock and has increased his cost-cutting goal to $2bn. Staff numbers have also continued to fall, dropping by more than 2,500 people since the end of 2025.

By BriefTea Editorial · 4 August 2026 at 10:30

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