Friday morning HSBC announced that it is going to look – again – at whether it would be better served by moving its headquarters out of London.
Regulatory pressure, political attacks following revelations of errant behaviour and hefty new taxes have sparked the decision.
HSBC has also said that uncertainty over Britain’s future in the European Union is weighing on its future as well as new rules which oblige banks to split their retail and investment banking activities – the ring-fence.
Full Content: The Financial Times
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