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HSBC Dismisses HQ Relocation Rumors Amid Profit Surge and Budget Tax Speculation

Following a 32 percent surge in quarterly profits, HSBC chief financial officer Pam Kaur stated there is no pressure to move the bank's headquarters out of the UK. The comments come as lobbyists warn that expected tax increases in the upcoming budget could drive major banking business abroad.

Referenced News Coverage (2 sources)

HSBC quarterly profit surge sparks fresh calls for bank tax hike in Budget (The Independent UK)
HSBC says ‘no pressure’ to move HQ out of UK despite prospect of higher bank taxes (The Guardian)