HSBC’s brum do as 1,000 set to move to new HQ
HSBC will set up a new headquarters in Birmingham for its UK retail bank, when it implements the ring-fence which divide its investment banking operations from its retail work. Around 1,000 roles will move from London to Birmingham before the new rules are implemented in January 2015. The city was home to Midland Bank, which HSBC acquired in 1992.