StanChart says HQ under review amid rising UK bank tax
By Staff Reporter | May 06, 2015 08:00 AM EDT
Standard Chartered (STAN.L) said it continued to keep its domicile under review, particularly given the likelihood Britain's bank tax will continue to rise, raising the prospect it could leave London for Asia.
Standard Chartered Chairman John Peace told investors on Wednesday this year's rise in Britain's bank levy was relevant to how it viewed its best headquarters, echoing comments by rival HSBC (HSBA.L), which has launched a formal review of its HQ and will decide whether to move in the next few months.
Peace said the bank was taking action to turn around its fortunes after a grim two years, but he said it would not take "any knee-jerk actions" that would damage its long-term prospects.
Most Popular
-
1
Setting Boundaries: Why It Is Important to Separate Personal and Professional Relationships -
2
Workplace Distractions That Kill Productivity: It's in Our Hands All the Time -
3
Airlines Industry Report: Passenger and Cargo Airline Employment Statistics as of May 2024 -
4
Diehard Democrat Fired After Posting What She Intended to Be 'Comedic' About Trump’s Assassination -
5
Customs and Border Protection Works with Canines as Biosensors of Smuggled Fentanyl, Firearms at the Mexico Border -
6
Secret Service Faces Scrutiny Over Trump’s Assassination, Causing Calls for The Chief’s Resignation -
7
Even Elon Musk Hates Office Jargons. Here’s Why