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.

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.

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