HSBC considers headquarters move away from UK
Banking giant HSBC is to carry out a review into whether to keep its headquarters in the UK.
HSBC: Essential to position bank to support our future successes
The Chairman of HSBC, Douglas Flint, has said that is "essential" the banking giant is positioned in the best way to capitalise on future successes.
Speaking following the announcement that the firm may move its headquarters out of the UK, Mr Flint said that it was "essential that we position HSBC in the best way to support the markets and customer bases critical to our future success".
HSBC said last month that it was to relocate the head office of its UK retail bank to Birmingham by 2019, in a move that will see 1,000 jobs transferred from London, as part of this "ring-fencing" separating different arms of the business.
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