Major Banks Threaten to Leave the UK Over Financial Sector Shake Up

HSBC are one of the banks who have threatened to leave the UK

A Government inquiry is to examine whether retail and investment banking should be separated. The suggestion of which has prompted large financial institutions, such as HSBC,  to threaten to leave the UK. The proposed reforms are just one of many major changes the Independent Commission on Banking are considering in a bid to reduce ‘market [...]

Financial News

By Vikki Graves HSBC asks shareholders for £12.5bn Chairman Stephen Green said the funds would be used to see the group through the current uncertain economic climate. The news comes as HSBC announce pre-tax profits of £6.5bn for 2008, a 62% fall on the previous year. There was a drop in share prices across the [...]

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