HSBC is considering quitting its iconic Canary Wharf headquarters in London, known by some staff as the “Tower of Doom”, as the Covid crisis ushers in a new era of flexible working.
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LONDON (Reuters) -HSBC is reviewing whether to keep its global headquarters in London's Canary Wharf, a staff memo seen by Reuters on Thursday showed, a decision which could see the bank swap the financial hub for a new home after more than 20 years. The bank said it wanted to assess its "best future location in London" ahead of its lease expiring at the 45-floor tower at 8 Canada Square in early 2027. HSBC, which is currently defending itself against calls for a break-up from its top investor, has long grappled with the optimal location for its business, with some stakeholders urging it to shift its HQ to Asia, where it makes the majority of its profits.