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HSBC will keep headquarters in London

Decision gives boost to London's status as a global financial centre after the challenges of 2008-2009

Published Mon, Feb 15, 2016 · 09:50 PM
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HSBC Holdings decided on Sunday to keep its headquarters in Britain, rejecting the option of shifting its centre of gravity back to its main profit-generating centre Hong Kong after a 10-month review.

The unanimous decision by HSBC's board gives a boost to London's status as a global financial centre, which since the financial crisis of 2008-09 has faced challenges from tougher regulation and rising costs.

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