The Business Times

HSBC to launch immediate review on moving HQ away from UK: Sky News

Published Fri, Apr 24, 2015 · 08:01 AM

[LONDON] Bank HSBC is to launch an immedate review into whether it should move its headquarters from Britain, Sky News wrote on Twitter on Friday, citing sources.

HSBC was not immediately available to comment.

Shares in the London-listed lender reversed early losses to trade 2.1 per cent higher at 0748 GMT, with traders citing the Sky report.

REUTERS

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Banking & Finance

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here