Further to our note last week , HSBC has now confirmed that is to keep its headquarters in London . It comes just as China’s stock market was due to begin trading for the first time after a week’s holiday during which markets elsewhere in the world have been buffeted by fears about the banking sector. Concerns over stricter UK regulations had led the bank to launch a review into whether to move elsewhere , however , it was unanimously agreed at a meeting over the weekend that it will stay as London " offered the best outcome for our customers and shareholders " . The decision was seen as a vote of confidence for the UK . However , the bank says it may still move 1,000 investment banking jobs from London to Paris if the UK votes to leave the EU , stating that the referendum in Europe , which may be held in June , will have less of an impact on the " holding company " but may impact the operational efficiency of the bank .
Further to our note last week , HSBC has now confirmed that is to keep its headquarters in London . Concerns over stricter UK regulations had led the bank to launch a review into whether to move elsewhere , however , it was unanimously agreed at a meeting over the weekend that it will stay as London " offered the best outcome for our customers and shareholders " . The decision was seen as a vote of confidence for the UK . However , the bank says it may still move 1,000 investment banking jobs from London to Paris if the UK votes to leave the EU , stating that the referendum in Europe , which may be held in June , will have less of an impact on the " holding company " but may impact the operational efficiency of the bank .