Daily Management Review

HSBC To Retain Its Headquarters In UK


02/16/2016


A statement issued by the HSBC bank clarified as to why the group continues to remain UK based, despite facing the threats.



The giant banking body of HSBC revealed that the decision has been taken by them in favour of retaining its headquarters in the United Kingdom. Moreover, it also added that HSBC will “dropping” its review of “where it is based” that was issued once in every three years.
 
The bank said the decision to remain in the U.K came unanimously from the board, followed by the threat to HSBC for moving the business to the city of Hong Kong for retaliating “stricter UK regulation”.
 
HSBC issued a statement wherein it clarified the reason behind its decision making process, whereby the United Kingdom is:
"...an important and globally connected economy".
"It has an internationally respected regulatory framework and legal system, and immense experience in handling complex international affairs”.
"London is one of the world's leading international financial centres and home to a large pool of highly skilled, international talent. It remains therefore ideally positioned to be the home base for a global financial institution such as HSBC."
 
Although, the strategic nucleus of the HSBC group continues to be Asia.






References:
http://www.digitallook.com/
 







Science & Technology

Airbus: Passenger hybrid aircraft to take off before 2035

Ocado To Introduce ‘Mini Robotic Warehouse’ With Standard Productivity

AB InBev’s Piled Up Alcohol Is ‘Too Good to Waste’

Ericsson Mobility forecasts nearly fourfold increase in mobile traffic by 2025

Elon Musk: We received 146,000 orders for Cybertruck

Google turns the screws on political ads

Apple to come up with AR glasses

WEF: Big data regulation becomes a problem

Israeli Firm Accused Of Spying By WhatsApp, Lawsuit Filed Against It

Google Used Quantum Computer To Solve Complex Problem

World Politics

World & Politics

Mexico approves amendments to NAFTA

Finnish parliament to vote for prime minister

Protests in France gain the greatest scale since 2010

Massive blackout unfolds in Venezuela

French And Russian Presidents To Discuss The Moratorium On Missiles In Europe

EU adopts budget for 2020, more funds allocated to climate change fight and innovation

Israeli prime minister indicted in three criminal cases

Argentina finds a way to pay off IMF loan