HSBC Holdings PLC plans to launch a $2 billion share buyback in the second half of the year after strong second-quarter results. The global banking giant said Monday that net profit for the quarter rose 57% to $3.87 billion from $2.47 billion in the same period a year earlier. Its profit before tax for the period rose 47% to $5.3 billion.

Source: Wall Street Journal July 31, 2017 05:03 UTC