The bankers aren’t going

Posted on

As the FT notes this morning, HSBC has rejected move of head office from London to Hong Kong. It’s new CEO  had previously warned that HSBC might relocate abroad, most likely to Hong Kong, if the government forced banks to split their retail and investment banking businesses.

Well, government advisers are talking about some form of split.

And HSBC is staying.

There’s good reason for that. London is where they need to be and complying with the requirements of the UK is a price worth paying for being here.

Politicians please note: you need not be held to ransom by these people. Whenever they talk about leaving it’s just bluff. The truth is, there is no where to go that suits as well London. And they know it.


Thanks for reading this post.
You can share this post on social media of your choice by clicking these icons:

You can subscribe to this blog's daily email here.

And if you would like to support this blog you can, here: