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Gulliver steps back from committing to move London HQ.

Global Banking News-July 23, 2015--Gulliver steps back from committing to move London HQ

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Global Banking News - 23 July 2015

The CEO of HSBC Holdings (LSE: HSBA), Stuart Gulliver, was non-committal about the bank moving its HQ from London.

Gulliver, who had warned earlier this year the bank could move its headquarters from London, is believed to have taken a softer stance, saying it was for the board to decide on the issue. The bank had earlier made its intentions clear of moving its HQ from London because of onerous taxes. In his recent budget, the finance minister had proposed changes to the taxes, which addressed some of the concerns of big banks in the nation.

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Publication:Global Banking News (GBN)
Date:Jul 23, 2015
Words:144
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