HSBC shareholders to receive further $4.8bn as profits rise
by Kalyeena Makortoff Banking correspondent from World news | The Guardian on (#6PM69)
Outgoing CEO Noel Quinn will have paid $34.4bn to investors during final 18 months in post
HSBC is giving a further $4.8bn to shareholders, providing a final parting gift from the outgoing chief executive, Noel Quinn, after a rise in second-quarter profit.
The London-headquartered bank said it would buy back another $3bn (2.3bn) worth of shares from investors, who will receive $1.8bn in fresh dividends.
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