HSBC’s 10-month long identity crisis is finally over not only has it decided to remain a London-headquartered bank, it has also pledged to cease periodically navel-gazing about the matter.
The reaction within HSBC and among its peers and clients was agreement and relief, as the alternative may have crippled decision-making with red tape. Investors seemed pleased too, with HSBC's share price in Hong Kong closing up 4.47% on Monday at HK$50.25 and adding 1% in morning London trade.
“London has an internationally respected regulatory framework and legal system, and immense experience in handling complex international affairs,” HSBC said in a statement on ...
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