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Forum: Malaysia

Apr 27th 2015, 9:45 am

Replies: 13

HSBC banking in UK

Views: 1,106

Posted By kingoflostfools

Re: HSBC banking in UK

Hmmm - Lets see.

Taxation = "Yes" and Representation = "No"

I seem to remember that caused problems in the past.

Ultimately, HSBC doesn't depend on the UK for the vast majority of its...

Forum: Malaysia

Apr 27th 2015, 6:37 am

Replies: 13

HSBC banking in UK

Views: 1,106

Posted By kingoflostfools

Re: HSBC banking in UK

Nope - because when it comes down to it, the big problem is liquidity and security. Malaysia's economy is too small, too rigid and subject to political interference.

Much better to go somewhere...

Forum: Malaysia

Apr 27th 2015, 6:09 am

Replies: 13

HSBC banking in UK

Views: 1,106

Posted By kingoflostfools

Re: HSBC banking in UK

So the costs of moving would be between 1 and 1.5 years worth of the UK Bank Levy. Sorry, but those look like good numbers especially since they have to split off the domestic banking operations...

Forum: Malaysia

Apr 27th 2015, 5:14 am

Replies: 13

HSBC banking in UK

Views: 1,106

Posted By kingoflostfools

Re: HSBC banking in UK

Not with the Capital Control laws that remain in force here.

Forum: Malaysia

Apr 27th 2015, 4:04 am

Replies: 13

HSBC banking in UK

Views: 1,106

Posted By kingoflostfools

Re: HSBC banking in UK

I can't see the bank moving back to Hong Kong, but a move to Singapore might work.

Another option would be to break the headquarters operation into a smaller independent operating unit and simply...

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