VTB CEO Kostin Expects No New Shares Issued Due to U.S. Sanctions
Andrey Kostin, chief executive officer at VTB Bank, discusses Russian President Vladimir Putin's political shake up, U.S. sanctions preventing issuance of new shares, and accusations made against the company by politician Alexey Navalny.
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Ewen Stevenson, chief financial officer at HSBC Holdings Plc, discusses the cost-cutting measures, the strategy for Asia, coronavirus and stepping back from the share buyback.
HSBC Holdings Plc fourth quarter earnings came in at a bit of a higher clip than estimates, but the bank suspended share buybacks as it embarks on a huge overhaul. The lender also said the search for a permanent CEO was still ongoing.