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...Last year, Lloyds Banking Group and HSBC UK both announced stricter homeworking policies, while Citigroup and Deloitte’s rival EY have started monitoring UK employees’ office attendance to ensure compliance...
...Moody’s departure from Canary Wharf after more than 15 years follows the decision last summer by HSBC to move its headquarters from the 42-storey tower it has occupied since 2002, also in favour of the City...
...However, a number of high-profile corporate tenants have opted to move out of Canary Wharf in recent years, including HSBC and law firm Clifford Chance, as companies downsize while they adapt to the rise...
...It has also been hit by high-profile exits including HSBC, which in June said it would move out of its 42-storey Norman Foster-designed headquarters tower by 2026....
...At Friday lunchtime, at the bank’s Holborn branch underneath its headquarters, there was little sense of the high-level discussions going on about the group’s future....
...Inside HSBC headquarters, the narrative is that it was impossible for both Quinn and group chair Mark Tucker to continue in their roles....
...High-profile tenants who have announced their departure include the bank HSBC, financial data provider Moody’s and law firm Clifford Chance....
...Hayward said HSBC’s decision to move into the redeveloped former BT headquarters at Panorama St Paul’s had sparked interest from other developers and investors, including from the US and Asia....
...But the likes of Citibank, Deutsche Bank, Goldman Sachs and HSBC are big names that have yet to announce they are doing so....
...and the loss of one of its flagship tenants, HSBC....
...Barclays has reached a deal to stay in its Canary Wharf headquarters until at least 2039, in a boost to London’s docklands financial centre after other high-profile tenants opted to move elsewhere....
...The moves of big bank tenants in London’s iconic docklands financial centre have been under the spotlight since HSBC this summer decided to leave its 42-storey headquarters when the lease expires in 2027...
...In Hong Kong, Standard Chartered’s headquarters is squashed next to HSBC’s. That reflects the bank’s smaller stature against a rival 7.5 times its size in terms of market value....
...HSBC is set to move its global headquarters from Canary Wharf to a smaller office in central London after its lease expires, the lender told its staff on Monday....
...HSBC is set to move its global headquarters to a smaller office in central London after its lease expires, ending two decades in Canary Wharf....
...The City received another boost earlier this year when HSBC announced it would leave its tower in Canary Wharf when the lease expires in 2027, and move to a new headquarters near St Paul’s....
...More banking news: HSBC has agreed to book a $1bn hit to its pre-tax earnings following the sale of its business in Argentina to local lender Grupo Financiero Galicia....
...Credit Suisse’s move comes at a difficult time for Canary Wharf, after HSBC decided to leave its 42-storey headquarters after 20 years as a key tenant in the dockland’s financial district in favour of smaller...
...For more than two decades, 8 Canada Square, the London skyscraper that houses HSBC’s global headquarters and bears its logo, has been a symbol of Canary Wharf’s status as a global financial centre....
...News round-up Taiwanese groups consider overseas headquarters to hedge against Chinese attack (FT) HSBC to take $1bn hit on sale of Argentina unit (FT) European ports turned into ‘car parks’ as vehicle...
...The headquarters was moved to London only in the early 1990s, when HSBC took over Midland Bank. Ping An’s next step might shed light on its motives....
...In October, Citi sold its Chinese consumer wealth business to HSBC....
...Companies wanted “clear policies” HSBC’s UK boss Ian Stuart told the Financial Times, adding that the event had shown Britain in a positive light....
...Then, there is the potential of HSBC’s new London headquarters, which Hinshaw hopes will be AI-enhanced....
...Over the past two decades, HSBC sold off CCF’s regional banks, for €2.1bn, its headquarters on the Champs-Elysées for €400mn and folded some of its operations into those of the wider group....
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