Daily News: April 27, 2015

HSBC and Standard Chartered Weigh a Move to Asia

The New York Times reported HSBC and Standard Chartered are looking at the viability of quitting London for a new home in Asia because a big increase in a tax on British banks makes staying in Britain increasingly painful.

The Times reported several investors said they wanted the two banks to do a thorough analysis of whether it made sense to move after Britain raised the bank tax by a third in March.

To read the entire Times article, click here