http://www.ft.com/cms/s/0/265619cc-e...#axzz3YDPB1zvD
Quote:
HSBC has ordered an immediate review of whether it should continue to be headquartered in the UK, citing the impact of regulatory and structural reforms in a move that comes less than two weeks ahead of the UK general election.
Douglas Flint, HSBC chairman, is due to say at the bank’s annual general meeting on Friday that the decision was part of a “broader strategic review taking place” at the bank.
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Pretty big business to lose.
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Non-paywall linky:
http://news.sky.com/story/1471309/hs...iew-of-uk-base