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Nov 5, 2015
via Breakingviews

Barclays, not HSBC, should mull quitting the UK

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By George Hay and Dominic Elliott

The authors are Reuters Breakingviews columnists. The opinions expressed are their own.

HSBC has caused a scene by suggesting it might move its headquarters from London. But it is rival Barclays that really ought to consider a domicile switch. The UK bank already prides itself on dual American-British nationality, cemented when it snapped up Lehman Brothers during the financial crisis. And there are more grounds for it to leave Britain than its peer.

Nov 5, 2015
via Breakingviews

Barclays, not HSBC, should mull quitting the UK

Photo

By George Hay and Dominic Elliott

The authors are Reuters Breakingviews columnists. The opinions expressed are their own.

HSBC has caused a scene by suggesting it might move its headquarters from London. But it is rival Barclays that really ought to consider a domicile switch. The UK bank already prides itself on dual American-British nationality, cemented when it snapped up Lehman Brothers during the financial crisis. And there are more grounds for it to leave Britain than its peer.

Nov 5, 2015
via Breakingviews

Barclays, not HSBC, should mull quitting the UK

Photo

By George Hay and Dominic Elliott

The authors are Reuters Breakingviews columnists. The opinions expressed are their own.

HSBC has caused a scene by suggesting it might move its headquarters from London. But it is rival Barclays that really ought to consider a domicile switch. The UK bank already prides itself on dual American-British nationality, cemented when it snapped up Lehman Brothers during the financial crisis. And there are more grounds for it to leave Britain than its peer.

Oct 28, 2015
via Breakingviews

Lloyds earnings show folly of public share sale

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The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

Lloyds Banking Group has made the UK government look silly. Shares in the UK’s biggest mortgage bank on Oct. 28 sank 5 percent after it reported disappointing third-quarter figures. If politicians hadn’t already twigged that selling a chunk of the country’s 10 percent stake in the bank to retail investors is needlessly risky, they should do now.

Oct 28, 2015
via Breakingviews

Lloyds earnings show folly of public share sale

Photo

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

Lloyds Banking Group has made the UK government look silly. Shares in the UK’s biggest mortgage bank on Oct. 28 sank 5 percent after it reported disappointing third-quarter figures. If politicians hadn’t already twigged that selling a chunk of the country’s 10 percent stake in the bank to retail investors is needlessly risky, they should do now.

Oct 27, 2015
via Breakingviews

Osborne’s new deficit: his own credibility

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The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

George Osborne’s political machinations have, for once, misfired. The UK chancellor’s efforts to force through tax credit cuts were thrown back by the House of Lords on Oct. 26. The hit to Osborne’s deficit reduction plans is less acute than to his chances of becoming the next prime minister.

Oct 27, 2015
via Breakingviews

Osborne’s new deficit: his own credibility

Photo

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

George Osborne’s political machinations have, for once, misfired. The UK chancellor’s efforts to force through tax credit cuts were thrown back by the House of Lords on Oct. 26. The hit to Osborne’s deficit reduction plans is less acute than to his chances of becoming the next prime minister.

Oct 23, 2015
via Breakingviews

HSBC will probably stay put in London

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The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

HSBC’s headquarters are most likely to stay in London. The United States has emerged as a serious option for the lender’s HQ, the Financial Times reported on Oct. 23 – alongside Hong Kong and Singapore. But since Europe’s biggest bank by market value started studying the subject in April, the chances of a move have receded.

Oct 23, 2015
via Breakingviews

HSBC will probably stay put in London

Photo

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

HSBC’s headquarters are most likely to stay in London. The United States has emerged as a serious option for the lender’s HQ, the Financial Times reported on Oct. 23 – alongside Hong Kong and Singapore. But since Europe’s biggest bank by market value started studying the subject in April, the chances of a move have receded.

Oct 22, 2015
via Breakingviews

Aussie banks may need fresh capital hikes

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The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

Australian banks may need to repeat their 2015 capital-raising feats. The government on Oct. 20 endorsed the view of its Financial System Inquiry that domestic lenders need to be “unquestionably strong”. A strict interpretation of this aspiration would see institutions having to outdo the A$20 billion ($14.4 billion) or so they raised already, chiefly via selling shares.

    • About George

      "George Hay coordinates European financial coverage and writes about macroeconomics, the euro zone and UK/European financial policy. He covered European banks for Breakingviews during the financial crisis, and has also worked as a correspondent for AFX News and at United Business Media. He attended Edinburgh University and his work has been recognised at the UK’s Business Journalist of the Year Awards. Follow George on Twitter @gfhay"
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