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."
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. However, the bank says it may still shift 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 activities of the bank.