HSBC continues to weigh up HQ move


HSBC CEO Stuart Gulliver said recent moves by Britain's new government reflected a more positive mood towards the financial sector, as the bank continues to weigh where it should be headquartered.

Reuters reports that HSBC, Europe's largest bank with significant operations in Asia, had said it aimed to complete the review this year, though Gulliver said last week there was 'no hard deadline' and the decision on whether to switch could slip into 2016.

Britain's government has reduced a tax levy on banks and made some concessions regarding rules to make banks separate their UK retail banking arms from riskier areas since David Cameron's traditionally pro-business Conservative party swept to a surprise election win in May.

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HSBC CEO says decision on HQ could slip into 2016

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