HSBC share price continues surge in London and Hong Kong after UK HQ review and potential Brit spin-off revealed April 27, 2015 Shares in HSBC have surged in early trading extending last week's gains, made after it was revealed the bank was considering relocating away from the UK. HSBC shares opened three per cent higher in London today following reports over the weekend that Britain's largest bank could spin off its UK business into a separate division and [...]
Warm reception for HSBC boosts chance it will move to Hong Kong April 27, 2015 HSBC’S bosses received a substantially warmer welcome from investors in Hong Kong than at its annual general meeting (AGM) in London on Friday, City PM understands. It comes at a crucial time for the UK-based banking giant as it considers moving its headquarters out of the UK, in response to the rising tide of regulation [...]
As HSBC says it could move its HQ, is London’s position as a global financial centre at risk? April 26, 2015 Jason Hollands, managing director at Tilney BestInvest, says Yes. The news that HSBC is to consider moving its head office is a warning shot to voters and policy-makers that London’s pre-eminent position as perhaps the leading global financial centre simply cannot be taken for granted. Yes, it has “natural” advantages, being in a time zone [...]
HSBC share price closes higher as it launches review into leaving UK April 24, 2015 Shares in HSBC closed more than three per cent up at 631.4p after the bank revealed it is investigating the possibility of leaving the UK. Chairman Douglas Flint said this morning that, spooked by a tighter regulatory environment, HSBC's board has launched a review into moving its headquarters out of the UK. More on this [...]
HSBC leaving the UK? Five charts showing why it might actually mean it this time April 24, 2015 HSBC chairman Douglas Flint raised eyebrows on markets today when he announced the bank's board had begun a review into whether it should continue to be headquartered in the UK. The news sent shares up more than three per cent as investors showed their appreciation for the (possible) move. More on this story: HSBC launches review [...]
Bye-bye HSBC? The British bank is eyeing a move abroad April 20, 2015 HSBC will look into upping sticks and moving its headquarters out of London once the regulatory environment becomes clearer, its chairman said today. "We are beginning to see the final shape of regulation, the final shape of structural reform and as soon as that mist lifts sufficiently we will once again start to look at [...]
Giles Morgan on how sport’s dynamic blaze of colour can bring a bank’s values to life April 19, 2015 HSBC’s Global Head of Sponsorship and Events tackles his firm’s support for rugby, right down to the grassroots level. Giles Morgan is not your average spokesman for a major sporting sponsor. He’s knowledgeable, forthright, and is more than happy to put a few noses out of joint if he doesn’t like what he sees going [...]
HSBC gears up to shake up its board of directors April 14, 2015 British banking giant HSBC is planning to shake up its boardroom, as long-serving directors prepare to leave the institution. Non-executives Rona Fairhead and Simon Robertson are expected to serve on the board for another year, and the bank’s headhunters are looking for candidates to join the top committee. HSBC is understood to retain recruiters MWM Consulting [...]
Nina Ricci heiress Arlette found guilty in HSBC Swiss tax fraud leaks case April 13, 2015 Arlette Ricci, heiress to the Nina Ricci perfume and fashion fortune, has been found guilty of tax fraud in a case prompted by a leaked list of people who used the services of HSBC in Switzerland. A Paris court sentenced Ricci, the 73-year-old granddaughter of co-founder Nina Ricci, to three years in jail with two [...]
General Election 2015: Labour’s non-dom tax change would hit some of UK’s biggest banks April 12, 2015 Labour's pledge to scrap non-dom tax status would affect top employees at some of London’s leading banks, including RBS, Lloyds and Barclays. Under the non-domicile rule, those with a permanent home abroad currently do not have to pay UK tax on overseas earnings. Only their UK income is taxed, although they have to pay £30,000 [...]
