HSBC Finance Chief Says No Pressure to Move Headquarters Out of UK Amid Planned Bank Tax Rise

HSBC's finance chief, Pam Kaur, said there is "no pressure" on the bank to move its headquarters out of the UK. She said a move is "just not on the table," and that HSBC is domiciled, or legally based, in Britain. The remarks came as the government plans higher bank taxes in its October 28 budget.