HSBC Remains in London as Chinese Woes Persist
Posted: Sun Feb 14, 2016 9:38 am
The board of the biggest lender in Europe, HSBC (LON:HSBA) has unanimously decided to retain the headquarters of the company in London. The company’s intent to make a dramatic change to its politics and move the location of its headquarters from London to Hong Kong, has turned out to be nothing but that.
Lured in by the booming trade and investment flows in Asia, last year HSBC (LON:HSBA) has decided to officially consider what would it take for the biggest European bank to move its headquarters away from the financial capital of the “old continent”.
A number of factors ... (read more)