HSBC Has Shut a Quarter of Floors in Canary Wharf Tower

Even as HSBC Holdings Plc pushes staff to return to the office more often, the banking giant has been able to shut about a quarter of the floors in its current London headquarters.

That should help as HSBC plans to move its head office to a new location next year that’s roughly half the size of its tower in Canary Wharf, Chief Executive Officer Georges Elhedery said on a conference call with journalists. The bank is planning to rely on other offices across the city in order to accommodate all its staffers in London, he said.