Quote:
Originally Posted by Ignitionnet 
HSBC didn't take funding from the tax payer but are being driven away by increased regulation in terms of capital requirements and taxation.
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Quote:
Originally Posted by Osem
I'm sure most of these banks would prefer to stay here but, having said that, I've no doubt they can and would move elsewhere if it suited them for financial and/or regulatory reasons and I can see HSBC heading East in the not too distant future. What those who insist on whining about 'the banks' need to understand is that a) they didn't all take taxpayer's money,
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ALL banks benefited financially from the bail out as all borrowed money from the Bank of England for next to nothing and lent it at considerably higher rate, Bob Diamond himself agreed and I suspect access to those funds doesn't just happen in bail out years.