The bank posted a drop in pre-tax profits for the first quarter, but announced a share buyback programme of up to $3bn.

This comes after CEO Georges Elhedery announced an overhaul of the bank's structure ... UK, corporate and institutional banking, as well as international wealth and premier banking. HSBC said ...

A general view of two cash machines outside a HSBC Uk bank in Sheffield ... Mr Elhedery has spearheaded an overhaul of its global structure as part of plans to drastically reduce costs and ...