WORLD
HSBC keeps headquarters in London, rejects move to Hong Kong: Reuters
![HSBC keeps headquarters in London, rejects move to Hong Kong: Reuters](/files/2016/1/1200x630/14555544946552741508_1200x630.jpg)
Baku, February 15, AZERTAC
Banking group HSBC Holdings (HSBA.L) has decided to keep its headquarters in Britain, rejecting the option of shifting its center of gravity back to main profit-generating hub Hong Kong after a 10-month review, according to Reuters.
The decision by HSBC's board, which Europe's biggest bank said was unanimous, gives a boost to London's status as a global financial center, under threat since the financial crisis of 2007-09 from tougher regulation and rising costs.
Yet Chief Executive Stuart Gulliver immediately warned that the bank could not stick with the status quo were Britain to vote in favor of leaving the European Union in a promised referendum, saying it would consider moving around 1,000 employees from London to Paris.
FEEDBACK
Other news in this section
- 02.07.2024 [14:20]
SCO Astana Summit: A new era for cooperation and expansion
- 02.07.2024 [11:28]
303 migrants deported from Libya in past week: IOM
- 01.07.2024 [19:02]
Albania’s world-renowned novelist Ismail Kadare dies at 88
- 01.07.2024 [17:06]
Royals open Balmoral Castle to extensive public tours for first time
- 01.07.2024 [14:53]
Hurricane Beryl nears Caribbean, strengthens to Category 4
- 01.07.2024 [14:47]
Philippines warns of rise of dengue cases
- 01.07.2024 [12:17]
Australia doubles foreign student visa fee in migration crackdown
- 01.07.2024 [11:46]
Egypt, EU sign investment deals worth billions of USD
- 30.06.2024 [16:25]
Xi to attend SCO summit, pay state visits to Kazakhstan, Tajikistan
France beat Belgium 1-0 to book their place at EURO 2024 quarterfinals
- 01.07.2024 [22:48]
AZERTAC employee attending training on war journalism in Ankara
- 01.07.2024 [20:24]
Azerbaijani judokas at 2024 Paris Olympics: List of qualified judokas
- 01.07.2024 [20:04]
Azerbaijani, Israeli FMs discuss situation in region and around Gaza
- 01.07.2024 [19:44]
Taylor Swift's childhood items to go on show at V&A
- 01.07.2024 [19:19]
Azerbaijani rowers scoop five medals in Austria
- 01.07.2024 [19:15]
Baku hosts 6th meeting of Azerbaijan-Bulgaria Intergovernmental Commission
- 01.07.2024 [19:11]
Albania’s world-renowned novelist Ismail Kadare dies at 88
- 01.07.2024 [19:02]
AZAL begins ticket sales to Fuzuli
- 01.07.2024 [18:49]
Royals open Balmoral Castle to extensive public tours for first time
- 01.07.2024 [17:06]
Another team of Baku Higher Oil School wins $100,000 investment
- 01.07.2024 [15:13]
® Azercell supported the organization of another "Informatics Camp”
- 01.07.2024 [15:10]
Hurricane Beryl nears Caribbean, strengthens to Category 4
- 01.07.2024 [14:53]
Philippines warns of rise of dengue cases
- 01.07.2024 [14:47]
Military Medical Faculty holds feldshers’ graduation ceremony
- 01.07.2024 [13:10]
Australia doubles foreign student visa fee in migration crackdown
- 01.07.2024 [12:17]
Azerbaijani freestyle wrestling team crowned European champions in Serbia
- 01.07.2024 [12:00]
Egypt, EU sign investment deals worth billions of USD
- 01.07.2024 [11:46]
Oil prices rise in global markets
- 01.07.2024 [10:40]
Xi to attend SCO summit, pay state visits to Kazakhstan, Tajikistan
- 30.06.2024 [16:25]
Deputy Foreign Minister of Azerbaijan conducts working visit to Croatia
- 30.06.2024 [12:55]
Azerbaijan's Minister of Energy visits Italy
- 30.06.2024 [12:32]
Team of Baku Higher Oil School earns US$100,000 investment
- 30.06.2024 [11:17]
Azerbaijani wrestler claims European crown
- 30.06.2024 [11:00]
Samarkand hosts OIC Youth Forum
- 29.06.2024 [20:28]
Türkiye’s 1st indigenous communications satellite to be launched on July 8
- 29.06.2024 [20:14]
Azerbaijan, Montenegro explore prospects for social cooperation
- 29.06.2024 [19:31]
Korea-China–Kazakhstan–Uzbekistan railway project launched
- 29.06.2024 [17:40]
Nigeria's north-east risks mass hunger as UN funding dwindles
- 29.06.2024 [16:57]
Baku Open-2024 Chess Festival kicks off with grand opening ceremony
- 29.06.2024 [16:50]
Chelsea sign Aston Villa teenager Omari Kellyman on six-year contract
- 29.06.2024 [16:48]
Team of Baku Higher Oil School earns US$100,000 investment
- 29.06.2024 [16:41]
Poll shows 60% of Americans want Biden replaced as presidential candidate
- 29.06.2024 [16:16]
UN announces 2024 Sustainable Development Report
- 29.06.2024 [14:42]
Azerbaijani karate fighter wins gold in Croatia
- 29.06.2024 [14:26]
Jewelry collection inspired by national motifs presented in Paris
- 29.06.2024 [13:36]
Iran’s presidential election goes to runoff
- 29.06.2024 [13:30]
President of International Chess Federation visits Azerbaijan
- 29.06.2024 [12:34]
SpaceX launches 2nd batch of next-gen US spy satellites
- 29.06.2024 [12:19]
EURO 2024 Round of 16 to kick off Saturday
- 29.06.2024 [11:43]
Global inactivity crisis puts 1.8B adults health at risk: WHO
- 29.06.2024 [11:36]
Oil prices end mixed in global markets
- 29.06.2024 [11:11]
Azerbaijani oil price down in global markets
- 29.06.2024 [11:10]
Azerbaijan, Moldova discuss prospects for cooperation
- 29.06.2024 [11:00]
Kazakhstan’s largest football stadium to be built in Shymkent
- 29.06.2024 [10:30]
AI can beat university students, study suggests
- 28.06.2024 [20:48]
James O'Brien: We invited Azerbaijan and Armenia to NATO summit
- 28.06.2024 [20:33]
® Bakcell presents a new store in Shusha
- 28.06.2024 [20:26]
Montenegro-Azerbaijan business forum held
- 28.06.2024 [20:02]
Azerbaijani Deputy FM: UK shows great interest in COP29 preparation
- 28.06.2024 [18:33]
Panama Canal agency warns water shortage "is not over"
- 28.06.2024 [17:55]
UN secretary-general says will attend SCO summit in Kazakhstan
- 28.06.2024 [17:45]