HSBC Keeps London Base in Victory Over Asia; Shares Gain

Updated on
  • Board's decision was unanimous after 10 months of debate
  • Bank says will cease regular reviews of headquarters' location

HSBC Headquarters to Remain in the U.K.

HSBC Holdings Plc recommitted its future to London, ending 10 months of deliberations over whether to move its headquarters, after securing concessions from the U.K. government on regulation and taxes. The shares rose.

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