UPDATE 1-HSBC says to consider whether to move headquarters from Britain

April 24, 2015 8:26 AM

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LONDON, April 24 (Reuters) - HSBC Holdings, Europe's biggest bank, said it has started a review of whether to move its headquarters out of Britain following regulatory and structural changes in the industry.

Shareholders have urged the bank to consider moving its headquarters to Asia, probably back to Hong Kong, due to a hefty UK bank tax and other costs associated with being based in London.

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