SQUAWK BOX, MONDAY 25TH OCTOBER, 2021

Europe’s largest lender, HSBC, posts stellar Q3 results with a 74 per cent surge in profits and announces a £2bn share buyback programme. CFO Ewen Stevenson tells CNBC the bank is well positioned for any interest rate hikes. Meanwhile, Italy’s attempts to save distressed lender BMPS takes a hit after discussions between Unicredit and the state treasury collapse. Evergrande sees shares spike for its EV unit after the Chinese developer’s chairman hints at a move away from property. And Facebook’s woes continue ahead of earnings today. Whistleblower Frances Haugen is due to provide further testimony about online safety at the social media giant in London today.