IN BRIEF: HSBC picks Goldman Sachs to run GBP1 billion share buyback
HSBC Holdings PLC - London-based, Asia-focused bank - HSBC on Thursday starts the GBP1 billion share buyback it had announced with its third-quarter results on Tuesday. The buyback will be run by investment bank Goldman Sachs International, part of Goldman Sachs Group Inc, and completed by February 19 next year. The purchases will be made in both London and Hong Kong, and all the repurchased shares will be cancelled to reduce the number of outstanding shares, HSBC says. Read More