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 chairman: Bank faces range of uncertainties and challenges
Chairman of HSBC Douglas Flint has said that the bank faces a "very broad range of uncertainties and challenges" including geopolitical tensions and "eurozone membership uncertainties" - with debt-laden Greece facing a possible exit.
He also cited uncertainty of Britain's future in the EU, adding that its own research indicated that working towards reforms in Europe would be "far less risky than going it alone, given the importance of EU markets to British trade".
Mr Flint also pointed to positive trends in China, with the reshaping of its economy and further liberalisation of its currency, as well as the strength of the US.
Shares rose 3% on the announcement of the headquarters review.
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