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HSBC Buys Back About 6 Million Shares
Zhītōng ADR statistics | September 10th.
On Monday, the three major stock indexes in the US rose collectively. HSI ADR rose, closing at 17,226.54 points, up 29.58 points or 0.17% from the Hong Kong closing.
Sector Update: Financial Stocks Higher Monday Afternoon
European Equities Open Week Higher; HSBC Mulls Combining Commercial, Investment Divisions
Report: HSBC considers merging commercial and investment banks to reduce costs.
Some executives believe that the merger can enable HSBC to reduce some duplicate backend positions and reduce expenses. After the merger, the department will become HSBC's largest source of revenue, contributing approximately $40 billion to the company annually.
Market Chatter: HSBC Considers Combining Commercial, Investment Businesses
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