Osborne One Laughing Now as HSBC Validates ‘New Settlement’
- HSBC decision is `vote of confidence' in U.K., Treasury says
- Decision comes as Osborne eases grip on financial industry
HSBC Headquarters to Remain in the U.K.
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At a packed lunch in Davos last month, Chancellor of the Exchequer George Osborne drew laughter from captains of U.K. industry when he thanked HSBC Holdings Plc Chief Executive Officer Stuart Gulliver for his opening speech.
“Long may you continue to introduce the British business lunch,” Osborne told Gulliver as the audience digested their roasted breasts of Barbary duck in the Swiss resort’s Belvedere hotel.