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Loan Modification

: Mortgage Lender Implode-o-Meter

HSBC reveals plans to quit London for Hong Kong

By Implode-Explode Heavy Industries

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``Britain's biggest bank, which has been headquartered in the capital for 19 years, warned key investors that last week's disappointing full-year results have made arguments for shifting HSBC's domicile to Hong Kong "overwhelming"... Another shareholder added: "Instinctively we were very surprised by the change of tone. But you can't argue with the numbers. Moving to Hong Kong could deliver a 30pc premium [to the share price] overnight." ''

Full post as published by Mortgage Lender Implode-o-Meter on March 06, 2011 (boomark / email).

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