HSBC CEO shelves UK exit plans

  Gulliver had warned HSBC could relocate abroad, most likely to Hong Kong, if the government forced banks to split their retail and investment banking businesses, the Financial Times reports. But on Saturday, Sir John Vickers who head's up the Independent Commission on Banking (ICB), the government-backed body probing the sector in the wake of the credit crisis, said possible reforms to Britain's banks are unlikely to include a formal break-up of the top lenders. Gulliver has reportedly said he believes the UK time zone is the most efficient from which to manage a global business....