HSBC Books Hefty China Impairment But Unveils Fresh Buybacks
Wall Street Journal
The Asia-focused bank’s earnings were hurt by impairments related to its investment in a Chinese bank, but higher full-year earnings prompted the lender to unveil up to $2 billion in fresh share buybacks.
https://www.wsj.com/articles/hsbc-swung-to-fourth-quarter-loss-announces-share-buyback-f8f6c078