Bank says outcome of review into location of headquarters may not be known until 2016 as it reports a rise in profits due to topple in finesHSBC has warned it may delay until next a year its decision on whether to remain based in London,as it reported higher profits because of a topple in fines and legal costs.
Britain’s biggest bank caused a political storm in April when it announced it was considering whether to keep its headquarters in London, where it moved in 1992 from Hong Kong to facilitate the takeover of Midland bank. Stuart Gulliver, and the chief executive,later said the decision would be known by the discontinuance of 2015. Related: HSBC and First Direct customers saved £85m in overdraft charges after text alerts Continue reading...
Source: theguardian.com