Financial giant, JP Morgan, and other firms in the U.K announces plans to move out if Prime Minister Theresa May would fail to negotiate with the European Union. In this case, other Europe cities like Paris and more others are vying for workers that would leave London.
Standard Chartered (STAN.L) said it continued to keep its domicile under review, particularly given the likelihood Britain's bank tax will continue to rise, raising the prospect it could leave London for Asia.
Activity in China's factory sector edged up to a seven-month high in February but export orders shrank and deflationary pressures persisted, a private business survey showed, adding to the view that yet more interest rate cuts will be needed.
HSBC (HSBA.L) reported a deeper-than-expected 17 percent slide in annual pretax profit and cut its earnings target, saying allegations its Swiss business had helped customers to dodge taxes had brought shame on the bank.
Geneva's public prosecutor searched HSBC's (HSBA.L) lakeside Swiss office on Wednesday after opening a criminal inquiry into allegations of aggravated money laundering, the second probeto hit the bank this week.
British bank HSBC Holdings Plc (HSBA.L) admitted on Sunday failings by its Swiss subsidiary, in response to media reports it helped wealthy customers dodge taxes and conceal millions of dollars of assets.