HSBC boosts investments in growth push, unveils $2 billion share buyback

HONG KONG/LONDON (Reuters) - HSBC Holdings PLC's new chief executive sought to cheer investors with a share buyback of up to $2 billion (1.47 billion pounds), even as the bank reported on Friday an unexpected 4 percent drop in first-quarter pre-tax profit due to a surge in investments.

from Reuters: Top News http://uk.reuters.com/article/uk-hsbc-results/hsbc-boosts-investments-in-growth-push-unveils-2-billion-share-buyback-idUKKBN1I509O?feedType=RSS&feedName=topNews