HSBC, Standard Chartered Explore Move To Asia Amid Jump In UK Bank Tax

HSBC and Standard Chartered are exploring the feasibility of quitting London for a new home in Asia after Britain raised a tax on U.K. banks by a third last month. Analysts say the cost of moving could be between $1.5 billion and $2.5 billion per bank.

HSBC signaled possible shift
Britain has increased the bank tax by eight times since it was introduced . . .


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