HSBC's Elhedery on Buybacks and Vision for Bank Overhaul

HSBC Chief Executive Officer Georges Elhedery announced a fresh stock buyback program as the bank reported second-quarter earnings that exceeded analyst estimates. The announcement came despite economic headwinds from China's restrictions on cross-border wealth flows, which affect HSBC's business in the region. Elhedery discussed the bank's strategy in an interview with Bloomberg.

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