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HSBC may leave the UK if forced to split
Markets
by Deborah Hyde on Sep 03, 2010 at 09:39
And yesterday Gulliver pointed out the bank's preference 'is to be headquartered in the UK.'
Bruce Packard, banking analyst at Seymour Pierce, has warned that the vociferous opposition from the banks to proposals to split them up means they may be missing a trick, saying that break-ups could create value and pointing out that the deposits guarantee by the UK government is too good to shun.
‘We believe that management who ‘grasp the nettle’ and do what the regulators and politicians want are more likely to create shareholder value,’ he said.
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3 comments so far. Why not have your say?
michael riley
Sep 03, 2010 at 11:15
It's not the size of the bank, rather the integriy, ethics and competence of those at the helm that matters (and failed).
report thisAnonymous 1 needed this 'off the record'
Sep 03, 2010 at 14:44
touche
report thisEmu culture
Sep 03, 2010 at 14:59
Scare tactics ... if it means a more stable economy/society ... I am all for banks heading wherever they like ... they can take their gambling culture/problem somewhere else.
As for the billions lost on tax revenues ... we will be fine thatnks Angela as taxpayers won't have to fork out many many billions more to prop up you and your banks.
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