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 decided at a meeting over the weekend that it will remain as London "offered the best outcome for our customers and shareholders". The decision was seen as a vote of confidence for the UK. He had said he would reverse the burden of proof but has reverted to the more usual system of bankers guilt having to be proven. In an interview with Bloomberg on Monday, Mr Gulliver said he would not be moving his HQ from London, but added: "We are going to continue to operate out of London."
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 decided at a meeting over the weekend that it will remain as London "offered the best outcome for our customers and shareholders". The decision was seen as a vote of confidence for the UK. In an interview with Bloomberg on Monday, Mr Gulliver said he would not be moving his HQ from London, but added: "We are going to continue to operate out of London."