Standard Life,which owns 1.5% of bank, predicts enhanced shareholder value whether it moved to avoid greater regulationA main investor in HSBC has claimed that shareholders will support the bank whether it decides to quit the UK, and amid growing concern over City regulation.
The bank announced in April that it was formally reviewing whether to move its headquarters out of its landmark tower in Canary Wharf. The list of alternative locations is headed by Hong Kong – where it was based until 1992 – although the US and Canada have been cited as potential alternatives.
Continue reading...
Source: theguardian.com