HSBC to keep headquarters in London
14 February 2016
From the section Business
UK banking giant HSBC has announced it is to keep its headquarters in London.
Concerned about stricter regulations in the UK, Europe’s biggest bank launched a review into whether to move elsewhere last year.
But the bank said it had decided against the move and that London “offered the best outcome for our customers and shareholders”.
HSBC is in the process of implementing a $5bn (£3.4bn) savings drive and cutting 8,000 jobs in the UK.
Source:: BBC UK