HSBC decides to stay in Britain
LONDON, Feb 14 (Reuters) - HSBC has decided to keep its headquarters in Britain, the bank said on Sunday, following a review into a potential move that could have shifted the group's base to Hong Kong.
The decision to stay gives a boost to London's status as a global financial centre, which has faced challenges from tougher regulation since the financial crisis as well as rising costs.
"The decision of the Board was unanimous," HSBC said in a statement. (Reporting by Rachel Armstrong; Editing by Mark Potter and Jonathan Oatis)