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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 374.94+0.2%Nov 19 4:00 PM EST
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To: TobagoJack who wrote (71511)5/8/2011 11:34:16 PM
From: Riskmgmt  Read Replies (1) of 217882
 
<Last month Douglas Flint, the bank's former finance director who is now chairman, told the House of Commons Treasury Select Committee that HSBC was "not trying to leave London". But he warned that the banks faced regular questions from investors about the "costs and benefits" of being based in the UK. Mr Flint described the Government's bank levy as a "tax on being headquartered in London".>>

Locating in big, expensive, heavily regulated centers like, London, New York etc, makes less sense with each advance in technology. You are the epitome of the future trader/entrepreneur, mac/i-phone/i-pad/skype from your bedroom, in touch with the world, who needs London? Of course, with the current trend of property prices in HK we may soon read the same article about companies leaving HK for similar reasons.<gg>

R.
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