HSBC’s board is expected to come to a decision on the location of its headquarters in the coming days after an unexpectedly long-running review of the future of the bank, as revealed by the Telegraph last month.
The Daily Telegraph reports that bosses launched the review last year and initially expected to reach a conclusion by the end of 2015. Investors are increasingly convinced that the bank will not quit the UK.
But the decision proved unexpectedly tough to pin down, as board directors asked for ever-increasing amounts of information on the relative merits of London compared to other financial centres.
Locations including Hong Kong, Singapore, the US, Frankfurt and even Canada have all been hinted at as possible alternatives, but because much regulation in the industry is global, it has proved hard to find compelling arguments in favour of leaving London.
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