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FORM 8 K UNITED STATES SECURITIES and EXCHANGE HSBC Epa

FORM 8 K UNITED STATES SECURITIES and EXCHANGE HSBC Epa

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[Music] it's europe's biggest bank and one the region is keen to keep hold of particularly after a four percent rise in first quarter pre-tax profit hsbc's forecast beating results were thanks to a bounce back in investment banking the bank's trading desks also benefited from a surge in market volatility this year hsbc is set to make a decision on whether to move its headquarters back to asia within months a jump in britain's bank levy has prompted it to consider moving it will pay around 1.5 billion dollars under the levy this year about seven percent of its expected pre-tax profits but etx capitals joe rundle says it's partly an attempt by management to persuade the uk government to ease up on fines and levies i think part of it is political uh gamesmanship i think they could revive the midland bank we've seen it with tsb and the spin-off there from the lloyds brand so but i do think hsbc as a whole would be powerful as a single

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