HSBC Unlikely To Re-Domicile Away From UK: Morgan Stanley

Despite HSBC announcing a review of its domicile while unveiling its first quarter earnings, Morgan Stanley analysts believe the bank levy methodology could well be recalibrated to discourage HSBC’s departure. Jackie Ineke and team at Morgan Stanley in their May 13, 2015 research report titled: “European Banks: HSBC Moving?” argue that even if HSBC were to re-domicile, its credit quality should not be impacted. HSBC exploring move away from UK As reported by ValueWalk, 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…