HSBC postpones 'indefinitely' UK exit decision

Speaking to a group of shareholders, Stuart Gulliver said the bank was not in a position to make a decision about leaving, reports The Telegraph. Gulliver had been a vocal critic of the government's Bank Levy and a number of regulatory proposals suggested by the Independent Commission on Banking. But he said this week: "Although we talked at one point about reviewing [the location of the HQ], it has been postponed indefinitely. There are too many moving parts to make a rational, conscious decision." According to The Telegraph, HSBC contributed $570m to the Bank Levy in 2011, of whi...