HSBC will consider whether to move its headquarters from London once the regulatory environment becomes clearer, Chairman Douglas Flint said.
'We are beginning to see the final shape of regulation, the final shape of structural reform and as soon as that mist lifts sufficiently, we will once again start to look at where the best place for HSBC is', Flint, 59, told a shareholder meeting in Hong Kong on Monday after one investor urged him to quit London.
Bloomberg News reports that HSBC has faced calls to move its domicile away from the British capital after the government increased the levy on bank’s balance sheets for an eighth time this year.
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HSBC Chairman Signals Bank May Move Headquarters From London
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