I am not really convinced that they have any intention of going anywhere. My view is that they got caught doing some naughty things that they ought not have done and didn’t like it. Added to that the increase in bank Levy and they are in a sulk. Seems, the people who cause the financial problems of the world don’t much like it when someone does it to them.
As for only taking 250 of the 48,000 staff with them, are they seriously considering downsizing or pulling out the UK totally? I can’t imagine them closing all their branches, losing all that revenue they make from the UK, just crazy talk!
Still, if they want to go, let them sod off and don’t blink about it. About time we showed these businesses and directors who have got too big for their boots that we don’t need them. We managed before HSBC, we’d manage after.